Major federal regulations pace up 153% from Bush 43 administration

Major federal regulations pace up 153% from Bush 43 administration

The number of major federal regulations issued in  the first five years of the Obama administration was 153.2%  higher than  during the first five years of the Bush administration, according to  data from the Heritage Foundation.

“In the first five years of President Obama’s Administration, 157  major federal regulations were issued. By comparison, only 62 major  federal regulations were issued during the first five years of the  George W. Bush Administration,” according to Heritage’s report,  Red Tape Rising: Five Years of Regulatory Expansion.

A major federal regulation is defined as “any rule that the  Administrator of the Office of Information and Regulatory Affairs of the   Office of Management and Budget finds has resulted in or is likely to result in: (A) an annual effect on the economy of $100,000,000 or more;   (B) a major increase in costs or prices for consumers, individual  industries, Federal, State, or local government agencies, or geographic regions; or (C) significant adverse effects on competition, employment,   investment, productivity, innovation, or on the ability of the United States-based enterprises to compete with foreign-based enterprises in  domestic and export markets,” reads the report.
It further states, “The Obama Administration is aggressively  exploiting regulation to achieve its policy agenda, issuing 157 new  major rules at a cost to Americans approaching $73 billion annually. In  2013 alone, the Administration imposed 26 new major rules.”

“Although slightly below President Obama’s first-term annual average,   it was still twice the annual average of his predecessor George W.  Bush,” says the report.  “And much more regulation is on the way with  another 125 major rules on the Administration’s to –do list, including  dozens linked to the Dodd-Frank financial regulation law and the Patient   Protection and Affordable Care Act, known as Obamacare.”

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