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10 Shocking Facts About Regulation

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Projects are being sidelined, jobs are being lost, growth is being squandered, and freedoms seriously undermined by an out-of-control regulatory bureaucracy.

Published in: Business, Technology
  • Dodd Frank , Obamacare and Sarbanes Oxley have been the three biggest drags to our economy in history. Coal plants shut down impacing thouseands, no pipeline impacting thousands, small businesses struggle every day to try to surive in the midst of this statist takeover.
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  • How incredibly one sided of you.
    So who's pockets do you live in. You seem to have left out the economical facts of what de-regulating costs.
    Take, environmental regulations; do we need to wait until we're the next China, with toxic air, lakes & ground water and un-farmable land, to prove that the cost of cleaning up environmental degradation out ways the cost of regulating the destruction in the first place ?
    You should give back the check to the Koch Brothers or Big Oil, or who ever put you up the this lopsided report !
    We're trying to clean up congress, not keep the Lobbyist Party rolling.
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10 Shocking Facts About Regulation

  1. 10 SHOCKING FACTS ABOUT REGULATION
  2. FACT #1 $1.8 trillion Annual cost of the regulatory system. SOURCE: Competitive Enterprise Institute
  3. FACT #2 22,877 174,545 Pages in the code of federal regulations in 1960. Pages in the code of federal regulations today. SOURCE: Competitive Enterprise Institute
  4. FACT #3 30 days 80 days Average review time for a regulation in 1994. Average review time for a regulation in 2012. SOURCE: Administrative Conference of the United States
  5. FACT #4 48% 23% Percentage of Americans who say there is too much regulation. Percentage of Americans who say there is too little regulation. SOURCE: Gallup
  6. FACT #5 1 49 Number of economically significant rules* issued in 1981. Number of economically significant rules issued in 2012. * efined as having an annual effect on D the economy of $100 million or more SOURCE: GW Regulatory Studies Center
  7. FACT #6 80% Rise in the number of economically significant rules in the past 10 years. SOURCE: Competitive Enterprise Institute
  8. FACT #7 100+ Number of economically significant rules imposed on business operations since early 2009, with annual costs of more than $46 billion. SOURCE: Government Accountability Office
  9. FACT #8 35% Percent of economically significant rules issued without a public comment period. SOURCE: Government Accountability Office
  10. FACT #9 10,000+ Number of pages of Obamacare regulations (eight times longer than the Bible). SOURCE: Competitive Enterprise Institute
  11. FACT #10 398 Number of rules from Dodd-Frank, of which only 40% have been finalized after three years. SOURCE: DavisPolk
  12. ANY FACTS WE MISSED? LET US KNOW! /USChamber @USChamber /USChamber /USChamber

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