After last week’s $2 billion in regulatory costs, it was a slow week for federal rules, as regulators only published four regulations with quantified burdens. In total, costs nudged upward by $6 million and paperwork burdens increased by 356 hours.          

Regulatory Toplines

• New Proposed Rules: 33
• New Final Rules: 62
• 2014 Significant Documents: 435
• 2014 Total Pages of Regulation: 53,126
• 2014 Proposed Rules: $57 Billion
• 2014 Final Rules: $69 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.

Affordable Care Act

The administration did finalize a rule for eligibility determinations for health care exchange participation in 2015. The rule imposes minimal costs: $1 million and approximately 19,000 paperwork hours.

Since passage, based on total lifetime costs of the regulations, the Affordable Care Act has imposed a cost of $27.5 billion in private-sector burdens, approximately $11.7 billion in costs to the states, and 162.1 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 60.5 million paperwork burden hours and imposed $24 billion in direct compliance costs. Based on calculations from the Financial Services Roundtable, Dodd-Frank regulations would require 30,154 employees to file federal paperwork.

Total Burdens

Since January 1, the federal government has published $126.1 billion in compliance costs and has imposed 23.9 million in net paperwork burden hours. Click here for our comprehensive database of regulations and rulemakings promulgated in 2014.