Archive for September, 2014
New study finds federal regulation costs over $2 trillion per year and disproportionately affects small businesses
by Susan E. Dudley
The costs of regulation, both individually and in the aggregate, are notoriously hard to measure. Unlike the direct costs of government programs, which are tracked through the fiscal budget, there is no mechanism for keeping track of the off-budget costs imposed by regulation. Thus, to get a clearer picture of the impact of regulations, it is important to examine those impacts through different lenses using different measurement tools, even though none of those approaches is perfect.
By Susan E. Dudley, Brian F. Mannix, & Sofie E. Miller
The George Washington University Regulatory Studies Center works to improve regulatory policy through research, education, and outreach. As part of its mission, the Center conducts careful and independent analyses to assess rulemaking proposals from the perspective of the public interest. This comment on the Office of Management and Budget’s Draft 2014 Report to Congress offers suggestions for improving the information value of the Report, and does not represent the views of any particular affected party or special interest.
OMB 2014 Draft Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities
Dear Administrator Shelanski,
Thank you for the opportunity to comment on the Office of Management and Budget’s (OMB) Draft 2014 Annual Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities. This annual report offers an important glimpse into a regulatory system that has profound effects on the well-being and opportunities of the American people. It is important that the costs and benefits of the US regulatory system are transparent and that progress is made each year toward improving our regulatory system such that it achieves important societal goals at a reasonable cost.