On April 2, 2014, The Center For Regulatory Solutions (CFRS) released their fact of the day, which stated that from 2009 to 2013 the regulatory final rules costs of the United States was more than the entire GDP of either Sweden, Peru or Ireland.
On March 4, 2014, the inspector general (IG) at the Environmental Protection Agency (EPA) found that, through a lack of oversight, several federal employees misused company credit cards.
Yesterday, the House voted in favor of a bill that would override the ability of the Environmental Protection Agency (EPA) to limit the amount of carbon emissions from coal fueled power plants.
The inside the Beltway newspaper The Hill has provided a lengthy and helpful preview of 2014’s most important and costly regulatory considerations.
. According to the American Action Forum, “The second week of the government shutdown virtually wiped out new regulations. The government published only one proposed rule and six final rules. The Comptroller of the Currency released its final version of Basel III capital standards, the lone notable regulation this week.”
On Monday, President Obama said he would veto the annual appropriations bills unless they ended the sequester spending cuts.
According to the Competitive Enterprise Institute, “U.S. households ‘pay’ $14,768 annually in regulatory hidden tax, ‘absorbing’ 23 percent of the average income of $63,685, and 30 percent of the expenditure budget of $49,705.”
The EPA is using the legal system to drive an increase in the number of regulations. More regulatory headlines inside.
According to White House estimates 2012 was the costliest year ever for regulations. Get more headlines in this week’s Regulation Watch.
Reuters takes a look at an Internal Revenue Service (IRS) hearing about possible employers penalties if they do not cover even one full time employee’s health insurance. Get more headlines in this week’s Regulation Watch.