10 Shocking Facts About Regulation
-
date post
17-Oct-2014 -
Category
Business
-
view
12.345 -
download
1
description
Transcript of 10 Shocking Facts About Regulation
![Page 1: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/1.jpg)
10SHOCKING FACTS
ABOUT REGULATION
![Page 2: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/2.jpg)
$1.8 trillionAnnual cost of the regulatory system.
FACT #1
SOURCE: Competitive Enterprise Institute
![Page 3: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/3.jpg)
22,877Pages in the code of
federal regulations in 1960.
174,545Pages in the code of
federal regulations today.
FACT #2
SOURCE: Competitive Enterprise Institute
![Page 4: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/4.jpg)
FACT #3
30 daysAverage review time
for a regulation in 1994.
80 daysAverage review time
for a regulation in 2012.
SOURCE: Administrative Conference of the United States
![Page 5: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/5.jpg)
FACT #4
48%Percentage of Americans
who say there is too much regulation.
23%Percentage of Americans
who say there is too little regulation.
SOURCE: Gallup
![Page 6: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/6.jpg)
FACT #5
1Number of economically
significant rules* issued in 1981.
49Number of economically
significant rules issued in 2012.
SOURCE: GW Regulatory Studies Center
* Defined as having an annual effect on the economy of $100 million or more
![Page 7: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/7.jpg)
80%Rise in the number of economically
significant rules in the past 10 years.
FACT #6
SOURCE: Competitive Enterprise Institute
![Page 8: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/8.jpg)
100+Number of economically significant rules
imposed on business operations since early 2009, with annual costs of more than $46 billion.
FACT #7
SOURCE: Government Accountability Office
![Page 9: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/9.jpg)
35%Percent of economically significant rules issued without a public comment period.
FACT #8
SOURCE: Government Accountability Office
![Page 10: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/10.jpg)
FACT #9
10,000+Number of pages of Obamacare regulations
(eight times longer than the Bible).
SOURCE: Competitive Enterprise Institute
![Page 11: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/11.jpg)
FACT #10
398Number of rules from Dodd-Frank, of which
only 40% have been finalized after three years.
SOURCE: DavisPolk
![Page 12: 10 Shocking Facts About Regulation](https://reader036.fdocuments.net/reader036/viewer/2022081820/5440df75b1af9fef4b8b458a/html5/thumbnails/12.jpg)
ANY FACTS WE MISSED?
LET US KNOW! /USChamber
@USChamber
/USChamber
/USChamber