New Regulation Every Two Hours | Regulation Watch
Regulations are taxes by another name. Here are the most interesting stories on federal regulation policy from the last week:
- New Obamacare Labeling Requirements Will Cost $757 Million. In an infographic, the American Action Forum looks at how much new Affordable Care Act menu labeling requirements will cost restaurants. These higher costs for restaurants will most likely be passed on to consumers in the form of higher menu prices.
- Government Used Faulty Data To Produce New Poultry Regulations. According to The Washington Post, “The USDA has used incomplete and antiquated data in support of its plan to extend new poultry inspection procedures to plants across the country, according to a report by the Government Accountability Office …” It is important the government use correct data so it can accurately determine the potential costs and benefits of regulations.
- No Mechanism For Weeding Out Unnecessary Regulations. According to The Hill, “In the national debate over regulations, there is one thing upon which all sides can agree: the federal rulemaking system is deeply flawed. … [T]he current system lacks any institutional mechanism to expunge unneeded federal restrictions. There are no strict time limits requiring administrations to either issue or withdraw proposed rules aside from those specifically set by laws or the courts. And both advocates and critics of stronger regulations complain of a lack of transparency to the process.”
- New Regulation Added Every Two Hours. According to the Competitive Enterprise Institute, “Last week, 81 new final regulations were published in the Federal Register. There were 80 new final rules the previous week. That’s the equivalent of a new regulation every two hours and four minutes — 24 hours a day, seven days a week.”