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.
Total costs were modest this week, with $66 million in burdens, compared to $42 million in annualized costs and $334 million in benefits. Thanks to a Department of Education (ED) proposal, paperwork accelerated by more than 3.6 million hours. One Dodd-Frank proposal contained minor burdens.
The pace that regulators set last week slowed, with $121 million in total burdens. Annual costs were $58.6 million, compared to $18.4 million in benefits; paperwork accelerated by more than 127,000 hours. A Securities and Exchange Commission (SEC) proposal implementing Dodd-Frank led the week.
Regulators added $2.6 billion in costs this week, led by a final rule to enhance rail car standards. Annualized burdens were $239 million, which equaled annual benefits. Paperwork hours increased by more than 685,000.
The regulatory pace slowed this week, with just $191 million in rulemaking burdens. Annual costs were $90 million, compared to $200,000 in benefits; paperwork increased by 1.2 million hours. A Food and Drug Administration (FDA) regulation on antiseptics led the week.