Regulations Spiked During Obama's First Term

Image: Regulations Spiked During Obama's First Term

Wednesday, 15 May 2013 10:09 AM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Government regulations increased more in President Barack Obama's first term than they did in George W. Bush's second, according to a new report from the Congressional Research Service.

Congress' research arm found that more than 13,000 finalized rules were added to the Federal Register from 2009-2012, while fewer than 12,400 rules were made final from 2005-2008, almost a 5 percent increase, The Hill reports.

The largest increase took place during Obama's first three years in office. There was a drop in 2012, with the fewest finalized rules in 15 years at 2,482, the report said.

However, the list of pending regulations was longer in 2012 than at any time since 1994, according to the CRS report.

The Heritage Foundation reported last week that the Democratic president's first-term regulations cost the government $70 billion. But The Hill noted the White House claim that new regulations in both the Obama and Bush years resulted in benefits worth $800 billion, far outdistancing the cost of implementing them.

The report said 330 "major" rules were finalized in Obama's first term compared with 266 similar rules finalized in Bush's second. "Major" rules are defined as those with an economic impact of $100 million or more.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

George Will: I Am a 'Low-Voltage Atheist'

Monday, 22 Sep 2014 23:54 PM

In a wide-ranging interview, Pulitzer Prize-winning writer George Will discusses baseball, politics, and his status as a . . .

Dick Morris: Obama Has Secret Agenda

Monday, 22 Sep 2014 22:53 PM

What is Obama's real end game?
Now, for the first time, noted political strategist Dick Morris reveals Obama's secr . . .

Ex-UN Ambassador Wallace: US Should Just Say It - We're at War

Monday, 22 Sep 2014 19:55 PM

The United States should stop going out of its way to avoid calling the military initiative against the Islamic State (I . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved