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10 Shocking Facts About Regulation

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10 Shocking Facts About Regulation

  1. 10 SHOCKING FACTS ABOUT REGULATION
  2. FACT #1 $1.8 trillion Annual cost of the regulatory system. SOURCE: Competitive Enterprise Institute
  3. FACT #2 22,877 174,545 Pages in the code of federal regulations in 1960. Pages in the code of federal regulations today. SOURCE: Competitive Enterprise Institute
  4. FACT #3 30 days 80 days Average review time for a regulation in 1994. Average review time for a regulation in 2012. SOURCE: Administrative Conference of the United States
  5. FACT #4 48% 23% Percentage of Americans who say there is too much regulation. Percentage of Americans who say there is too little regulation. SOURCE: Gallup
  6. FACT #5 1 49 Number of economically significant rules* issued in 1981. Number of economically significant rules issued in 2012. * efined as having an annual effect on D the economy of $100 million or more SOURCE: GW Regulatory Studies Center
  7. FACT #6 80% Rise in the number of economically significant rules in the past 10 years. SOURCE: Competitive Enterprise Institute
  8. FACT #7 100+ Number of economically significant rules imposed on business operations since early 2009, with annual costs of more than $46 billion. SOURCE: Government Accountability Office
  9. FACT #8 35% Percent of economically significant rules issued without a public comment period. SOURCE: Government Accountability Office
  10. FACT #9 10,000+ Number of pages of Obamacare regulations (eight times longer than the Bible). SOURCE: Competitive Enterprise Institute
  11. FACT #10 398 Number of rules from Dodd-Frank, of which only 40% have been finalized after three years. SOURCE: DavisPolk
  12. ANY FACTS WE MISSED? LET US KNOW! /USChamber @USChamber /USChamber /USChamber

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