The Future of Federal Regulations

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The Future of Federal Regulations

  1. 1. The Future of Federal Regulation Jerry Ellig Senior Research Fellow
  2. 2. Federal Register pages
  3. 3. Federal regulatory agency expenditures
  4. 4. Federal regulatory personnel
  5. 5. Federal Register pages vs. regulatory spending
  6. 6. Federal Register pages vs. regulatory staff
  7. 7. Total costs and benefits <ul><li>Office of Management and Budget, 2009 </li></ul><ul><ul><li>$126-663 billion annual benefits </li></ul></ul><ul><ul><li>$51-60 billion annual costs </li></ul></ul><ul><ul><li>For regulations issued 1998-2008 </li></ul></ul><ul><li>Mark Crain Small Business Admin. study </li></ul><ul><ul><li>Total cost $1.1 trillion </li></ul></ul><ul><ul><li>Average of $10,172 per household </li></ul></ul>
  8. 8. Expenditures on economic regulation
  9. 9. Economic regulatory personnel
  10. 10. Consumer gains from economic deregulation (in $1995) Annual consumer Industry % real price reduction benefits $9.1 billion 44% 20% 4% Railroads $19.6 billion 28-56% 3-17% NA Trucking $19.4 billion 29% 12% 13% Airlines $5 billion 40-47% 23-41% 5-16% LD telecom NA 27-57% 23-45% 10-38% Gas 10 years 5 years 2 years
  11. 11. “ The Presumption Against Economic Regulation” (OMB Circular A-4) <ul><li>In light of both economic theory and actual experience, a particularly demanding burden of proof is required to demonstrate the need for any of the following types of regulations: </li></ul><ul><li>price controls in competitive markets; </li></ul><ul><li>production or sales quotas in competitive markets; </li></ul><ul><li>mandatory uniform quality standards for goods or services if the potential problem can be adequately dealt with through voluntary standards or by disclosing information of the hazard to buyers or users; </li></ul><ul><li>controls on entry into employment or production, except (a) where indispensable to protect health and safety (e.g., FAA tests for commercial pilots) or (b) to manage the use of common property resources (e.g., fisheries, airwaves, Federal lands, and offshore areas). </li></ul>
  12. 12. Federal spending on social regulation
  13. 13. Social regulatory personnel
  14. 14. Homeland Security regulatory spending
  15. 15. Homeland Security regulatory personnel
  16. 16. Midnight Regulation – Fed. Register pages
  17. 17. Midnight regulations outpace review resources
  18. 18. For more information … <ul><li>Numerous publications explaining the federal regulatory process, the effects of regulations, and prospective analysis of proposed regulations are available at www.mercatus.org . </li></ul>

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