The document summarizes a report from the Competitive Enterprise Institute on the costs of federal regulations in the United States. Some key points: - Regulatory costs in 2004 were estimated at $877 billion, exceeding corporate profits and personal income taxes. - There were over 75,000 pages published in the Federal Register in 2004 setting new regulations, a 6.2% increase from the prior year. - There are currently over 4,000 new rules and regulations in the pipeline from federal agencies.