The regulatory pace slowed again this week, with just $152 million in total burdens. Annual costs were $131 million, with no quantified benefits. Despite the slow week, however, paperwork accelerated by 2.5 million hours. The Department of Interior’s (Interior) “Stream Protection Rule” led all rulemakings in costs and paperwork.
After a record-setting week, regulators cooled down a bit and imposed just $562 million in regulatory burdens. Annualized costs were $300 million, compared to $9.7 million in benefits; paperwork hours accelerated by 2.5 million. A Department of Defense (DOD) rule concerning consumer credit led the week.
Full speed ahead. Regulators published more than $34.5 billion in regulatory burdens this week, taking the nation beyond $132 billion in costs for 2015. To put that figure in perspective, that’s $413 for every person in the U.S.
Regulators wasted no time emerging from the July 4 holiday by publishing more than $2.1 billion in costs. Annualized burdens were $389 million, compared to $182 million in benefits; paperwork accelerated by 1.4 million hours. The administration’s proposal expanding overtime led the week. The current regulatory burden for the year stands just $1.8 billion away from the $100 billion threshold.
Thanks to the infamous “Waters of the United States” (WOTUS) rule from EPA, regulatory costs increased by more than $500 million. Annualized burdens were $497 million, with no benefit figures, and just 707 paperwork burden hours.
After two weeks of more than $25 billion in regulatory burdens, regulators took a week off, imposing just $40 million in burdens while cutting almost 500,000 paperwork hours. Annualized costs were $40 million, compared to $402 million in benefits. A rule on motor vehicle safety led the week.
This was another incredible week for regulation. After an $8.4 billion week, regulators didn’t rest on their laurels, adding $19.4 billion in proposed and final costs.
An onslaught of regulatory activity added $8.4 billion in costs this week. Annual burdens were $1.9 billion, compared to $1 billion in benefits. In total, there were a slate of major regulations that drove costs, with five rulemakings that imposed more than $100 million in annual burdens.
Regulatory burdens inched along again this week. Regulators published $352 million in costs ($143 million annualized), compared to $163 million in benefits. Paperwork surged ahead at 1.9 million burden hours. The “Medicaid Mega Rule” led the week.
A “Fair Pay and Safe Workplaces” proposal from the administration drove more than $250 million in regulatory costs this week. Annual costs were $144 million, with all rulemakings omitting monetized benefits; paperwork increased by more than 2.4 million hours.