Thanks to an Affordable Care Act rule, regulatory costs increased by more than $1.8 billion this week. Annual costs increased by $458 million, compared to $389 million in monetized benefits; paperwork accelerated by more than 2.4 million hours. There were sixteen regulations this week that monetized costs or benefits. The per capita regulatory burden for 2015 is $570.
The shortened holiday week produced a modest number of new regulations. Annual costs were just $151 million, with no comparable benefit figures; paperwork accelerated by more than 500,000 hours. An EPA proposal on refrigerant management, designed to reduce the release of ozone-depleting substances, led the week. The per capita regulatory burden for 2015 is $561.
After $2.8 billion in regulatory costs last week, regulators bested that performance with $2.9 billion this week. In total, annualized costs this week were $1.3 billion, compared to $497 million in benefits, and a somewhat ridiculous 16 million hours of paperwork. To put the paperwork in perspective, it would take more than 8,000 full-time employees to complete the requirements from the last five days of new regulation. The per capita regulatory burden for 2015 is $560.
Courtesy of EPA’s final ozone rule, regulatory costs increased by more than $2.8 billion. Annual burdens were $1.7 billion, compared to $4.5 billion in benefits; paperwork accelerated by 8.8 million burden hours. The per capita regulatory burden for 2015 is $551.
The “Clean Power Plan” and a Dodd-Frank rule on margin requirements for swaps led another pricey week in regulation. Total regulatory costs eclipsed $17.4 billion, with $8.6 billion in annual burdens and $42 billion in monetized benefits. Even though EPA published a deregulatory measure, the agency still managed to impose net costs of $12.2 billion. The per capita regulatory burden for 2015 is $543.
It was another relatively slow week for regulation, with just $101 million in new costs. Annualized burdens were $68 million, compared to $50 million in benefits, and 471,000 paperwork burden hours. Final new health IT rules, one deregulatory, led the week. The per capita regulatory burden for 2015 is $490.
A week of nothing. Regulators took a break during the last five days, publishing just $38 million in burdens, no paperwork hours, and failing to monetize potential benefits. A Department of Labor (DOL) measure to garnish wages led the week. The per capita regulatory burden for 2015 is $490.
After three consecutive billion-dollar weeks, the pace slowed, with just $381 million in burdens. Regulators imposed $28 million in annualized costs against $7 million in benefits and more than 450,000 paperwork burden hours. The Department of Transportation (DOT) led all other agencies in costs this week. The per capita regulatory burden for 2015 is $490.
Another week brought another opportunity for regulators to impose more than one billion dollars in burdens. For the third straight week, regulators obliged the American public. Regulatory burdens accelerated by $1 billion, with $71 million in annual burdens, and $60 million in benefits. Regulators proposed more than 400,000 new paperwork hours. The per capita regulatory burden for 2015 is $489.
After $14 billion in regulatory costs, regulators managed to add another $5.3 billion in burdens. Beyond the staggering regulatory costs, rulemakings also imposed 7.7 million paperwork burden hours. The Food and Drug Administration (FDA) led the week, with two food safety final rules. In addition, EPA’s oil and gas methane proposal finally landed in the Federal Register. The per capita regulatory burden for 2015 is $486.