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Report: Obama Has Issued $743 Billion in Regulations

Image: Report: Obama Has Issued $743 Billion in Regulations

(AP)

By Jason Devaney   |   Monday, 08 Aug 2016 07:12 PM

President Barack Obama has issued well north of $700 billion in regulations during his presidency, more than the combined GDP of two countries.

According to an American Action Forum study, Obama's 600 major regulations have amounted to $743 billion and 194 million paperwork hours.

The GDP of Norway and Israel is less than that figure, the study claims.

Regulations under Obama have averaged 81 per year, and the total figure through the 7.5 years of his presidency is a 20 percent increase from President George W. Bush's full two terms.

About 100 major regulations were passed in 2010, the highest total of any year during Obama's presidency. The study predicts the 2016 figure will be somewhere around the 81-per-year average, and could include things like greenhouse gas standards.

If the Obama administration reaches $813 billion in regulations by the end of his presidency, that would equal more than the GDP of the Philippines, the study reports.

At the end of last year, it was reported that some of Obama's regulations slated to go into effect during 2016 involved tobacco, overtime pay, and financial advice.

In May, the Obama administration issued a directive that could pressure health insurance companies to cover sex-change operations.

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President Barack Obama has issued well north of $700 billion in regulations during his presidency, more than the combined GDP of two countries.
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2016-12-08
 

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