Regulators published $1.4 billion in total costs this week, with more than 6.7 million paperwork burden hours. Once again, annualized costs trumped benefits: $298 million to $145 million. EPA’s pesticide protection proposal, energy conservation standards for icemakers, and a new health care proposal highlighted the week.

Regulatory Toplines

  • New Proposed Rules: 59
  • New Final Rules: 77
  • 2014 Significant Documents: 119
  • 2014 Total Pages of Regulation: 15,908
  • 2014 Proposed Rules: $10.2 Billion
  • 2014 Final Rules: $8.6 Billion

AAF has catalogued regulations according to their codification in the Code of Federal Regulations (CFR). The CFR is organized into 50 titles, with each title corresponding to an industry or part of government. This snapshot will help to determine which sectors of the economy receive the highest number of regulatory actions.


Regulation by Industry in 2014

CFR Title-Industry

Regulations

Cost (in millions)

Hours

6-Domestic Security

1

57.4

 

7-Agriculture

6

$25.2

677,196

10-Energy

5

$4,386

30,000

12-Banking

11

$4.6

1,061,938

14-Aeronautics

65

$669

145,404

16-Commercial Practices

1

 

680

17-Commodities, Securities

5

$50

372,077

18-Conservation

2

$2

33,812

20-Employees’ Benefits

1

$1.1

6,360

21-Food and Drugs

7

$4,243

2,894,313

22-Foreign Relations

1

 

-109,900

23-Highways

1

$66.7

 

26-Internal Revenue

6

 

8,335,000

28-Judicial Administration

1

$451

 

29-Labor

6

$152.3

309,600

37-Patents, Copyright

1

$43.4

111,810

38-Veterans’ Relief

1

 

5,500

40-Environment

9

$1,683.8

5,853,308

41-Public Contracts

1

$7.4

107,100

42-Public Health

3

$44.5

1,069

45-Public Welfare

7

$693.1

2,215,249

46-Shipping

1

$0.3

842

47-Telecommunication

7

$66.9

227,011

49-Transportation

7

$1,634

1,926,169

50-Wildlife and Fisheries

1

$420

 

Multiple Titles

6

$4,225

-857,015


EPA published the costliest rulemaking this week, a proposal to protect agricultural workers from pesticide exposure. The regulation could add $640 million in total costs, with $73 million in annual costs and $14 million in annual benefits. AAF examined the measure last month and noted that EPA’s own data reveal a declining number of pesticide incident since 2000. At 6.5 million paperwork burden hours, it is one of the most burdensome non-tax rules in 2014.

The Department of Energy proposed new efficiency standards for automatic icemakers. The agency estimates annual costs at $20 million, compared to $131 million in benefits. The comment period will close on May 16, 2014.  

Affordable Care Act

The administration recently released its “Exchange and Insurance Market Standards for 2015.” The proposed rule would regulate health care Navigators, non-discrimination standards, and qualified health plans, among other measures. The administration estimates roughly $90 million in annual costs, more than 160,000 new burden hours, and no monetized benefits.

Since passage, based on total lifetime costs of the regulations, the Affordable Care Act has imposed an estimated cost of $27.5 billion in private-sector burdens, approximately $8 billion in costs to the states, and 159.1 million annual paperwork hours.

Dodd-Frank

There were no new Dodd-Frank rulemakings, but the administration did finally release its regulatory impact analysis for the Volcker rule, more than three months after issuing the final rule. The damage: up to $4.3 billion, according to a relatively brief 24-page regulatory analysis. It’s unclear why the administration would rush a final rule without an accompanying analysis that the public had no time to review. The Volcker rule is now the second-costliest Dodd-Frank regulation.

Click here to view the total estimated compliance costs from Dodd-Frank; since passage, the legislation has produced more than 60.4 million paperwork burden hours and imposed $22 billion in direct compliance costs. Based on calculations from the Financial Services Roundtable, Dodd-Frank regulations would require 30,211 employees to file federal paperwork.

A Note on Notices

There were 394 notices published this week. Regulators proposed 13 new paperwork requirements, imposing 1.3 million paperwork burden hours. One of these notices monetized the cost of completing paperwork, adding $83,000 to the overall compliance burden.

There was one major change to existing paperwork requirements (defined as an hourly burden increase or decrease of 500,000 or greater). This change accounted for a net total decrease of 561,927 burden hours.

Total Burdens

Since January 1, the federal government has published $18.9 billion in compliance costs and has imposed more than 23.3 million paperwork burden hours. Click here for our comprehensive database of regulations and rulemakings promulgated in 2014.