A proposed rule from the Department of Energy (DOE) pushed 2013 regulatory costs to $108 billion. For the week, regulators added $11.7 billion in total costs, 71,000 burden hours, and $1.7 billion in annualized benefits.
Regulatory activity was at a near standstill during the holiday week. Regulators added $46 million in published burdens, $121 million in benefits, and more than 1.9 million paperwork burden hours. A final rule on occupant crash protection and a tax measure implementing the Affordable Care Act led the week.
Regulatory costs and benefits were largely stagnant this week. Regulators published only $15 million in costs, with no quantified benefits.
A final IRS rule introducing mental health parity for insurance and a Federal Aviation Administration (FAA) regulation for training requirements highlighted a busy week.
A crowdfunding proposal and a measure from the FDA regulating biological products added more than $700 million in new regulatory costs this week; regulators added 944,000 paperwork burden hours.
A major Education rule drastically reducing costs couldn’t prevent regulatory burdens from increasing this week. Combined, costs soared by $1.3 billion, driven by safety standards for animal food, but burden hours actually declined by 3.4 million.
The first full week of post-shutdown regulatory activity brought a flurry of new regulations. In total, regulators published $5.8 billion in costs, and actually reduced paperwork burdens by 22,000 hours. However, a proposed IRS amendment could add more than 2.4 billion new hours of paperwork to the nation’s 10.3 billion hour total, and cost businesses $48.5 billion.
For the first time in AAF’s history, there were no proposed or final rules that imposed costs or paperwork burden hours.
The second week of the government shutdown virtually wiped out new regulations. The government published only one proposed rule and six final rules.
The government shut down at the beginning of the fiscal year, but the previously scheduled regulations still generated $540 million in costs and more than 900,000 paperwork burden hours.