Snowy weather may have closed government offices today, but the Federal Register never stops growing.
Last week, the government managed to add 67 final rules to the Federal Register, according to the Competitive Enterprise Institute.
Sixty-seven may seem like a lot, but the government added 87 the week prior. Still, the 67 seven rules amounted to a whopping 1,415 additional pages in the Federal Register. If you do the math, that would be the equivalent of adding a new regulation about every 2 hours and 30 minutes.
Since the start of 2014, 14,593 pages have been published in the Federal Register. At this pace the register will mushroom to 72,965 pages by the end of the year. This would actually be the lowest total since President Obama took office in 2009.
More important than the number of regulations, is the cost of each individual new rule. So far this year, eight regulations have been deemed “economically significant” – meaning they have estimated compliance costs of over $100 million.