The Cost Of Regulations In 2013 Exceeded 11.1% Of GDP

6/29/2014

Breaking It Down

In April, the Competitive Enterprise Institute (CEI) released a report, titled “Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State,” which gives a snapshot of the cost of U.S. regulations for the previous year. The annual snapshot showed that overall 2013 regulation costs reached $1.863 trillion, more than the GDP’s of Canada or Australia. In this week’s Breaking It Down we take a closer look at that report. 

• The $1.863 Trillion Cost Of Regulations In 2013 Exceeded 11.1 Percent Of GDP

• The Average US Household Yearly Cost To Comply With Federal Regulations: $14,974

• The Amount Firms Paid In Regulatory Compliance Fees Per Employee: $10,585 (Small Firms), 
• $7,755 (Large Firms+20 Employees)

• Total Rules Issued In 2013: 3,659 Final Rules And 2,594 Proposed Rules

• The Top Six Federal Rulemaking Agencies: Treasury Department, Department Of Commerce, 
• Interior Department, Health And Human Services, Department Of Transportation And 
• The Environmental Protection Agency.

Hat tip: Will @ Capitalist Preservation

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