Week in Regulation
May 23, 2014
Only 3
There were only three notable rulemakings this week and two of them were routine airworthiness directives. Annualized costs were $8.9 million, compared to $2.5 million in benefits; regulators proposed 57,000 additional paperwork burden hours this week.
Regulatory Toplines
- New Proposed Rules: 48
- New Final Rules: 66
- 2014 Significant Documents: 234
- 2014 Total Pages of Regulation: 30,002
- 2014 Proposed Rules: $26.2 Billion
- 2014 Final Rules: $27.8 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 |
8 |
$25.2 |
677,196 |
|
8-Aliens and Nationality |
4 |
$21 |
1,398,138 |
|
10-Energy |
8 |
$22,200 |
91,131 |
|
12-Banking |
23 |
$473 |
1,612,389 |
|
14-Aeronautics |
112 |
$874.3 |
203,628 |
|
15-Foreign Trade |
2 |
|
2,940 |
|
16-Commercial Practices |
4 |
|
2,759 |
|
17-Commodities, Securities |
8 |
$281 |
423,538 |
|
18-Conservation |
5 |
$15 |
178,601 |
|
20-Employees’ Benefits |
1 |
$1.1 |
6,360 |
|
21-Food and Drugs |
11 |
$5,256 |
3,531,545 |
|
22-Foreign Relations |
2 |
|
-259,800 |
|
23-Highways |
2 |
$296 |
|
|
26-Internal Revenue |
7 |
|
8,345,050 |
|
28-Judicial Administration |
1 |
$451 |
|
|
29-Labor |
7 |
$202 |
919,775 |
|
30-Mineral Resources |
1 |
$89 |
176,321 |
|
34-Education |
1 |
$2,360 |
6,942,377 |
|
37-Patents, Copyright |
1 |
$43.4 |
111,810 |
|
38-Veterans’ Relief |
1 |
|
5,500 |
|
40-Environment |
17 |
$16,220 |
6,136,660 |
|
41-Public Contracts |
1 |
$8 |
107,100 |
|
42-Public Health |
9 |
-$2,959 |
-1,068,665 |
|
44-Emergency Management |
1 |
-$19.6 |
-540,954 |
|
45-Public Welfare |
7 |
$693 |
2,215,249 |
|
46-Shipping |
1 |
$0.3 |
842 |
|
47-Telecommunication |
9 |
$70 |
275,827 |
|
48-Federal Acquisition |
1 |
|
557,939 |
|
49-Transportation |
13 |
$2,621 |
-20,151,471 |
|
50-Wildlife and Fisheries |
1 |
$420 |
|
|
Multiple Titles |
7 |
$4,392 |
-857,015 |
The lone notable rulemaking was a proposed rule from the Department of Transportation designed to improve airfare transparency. This proposal would require “all ticket agents and airlines that provide fare information to consumers to also provide fee information for basic ancillary services to consumers.” Ten-year costs of the proposed rule could eclipse $80 million and impose more than 57,000 annual burden hours, primarily through increased reporting of on-time performance and mishandled baggage.
Affordable Care Act
There were no notable ACA regulations this week. 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 159.2 million annual paperwork hours.
Dodd-Frank
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 $21.7 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.
Total Burdens
Since January 1, the federal government has published $54 billion in compliance costs and has imposed more than 11.3 million in net paperwork burden hours. Click here for our comprehensive database of regulations and rulemakings promulgated in 2014.
