Forget Fiscal Cliff, Here Comes Regulatory Tsunami
December 14, 2012 by Sam Rolley
As Americans suffered through the Presidential election season, the Federal government put on hold a number of pending regulations that would have given the GOP ammunition in claims that President Barack Obama is strangling the Nation with regulations. Now, with the Regulator in Chief comfortably back in the Oval Office, a regulatory tidal wave is headed toward America.
According to The Associated Press, regulations regarding the environment, workplace safety, Wall Street and much in between are about to fall on the American people as the Obama Administration quietly reopened regulatory initiatives after the election.
Currently, the following agencies have regulations pending review or ready to be implemented:
- Environmental Protection Agency: 30 regulations
- Department of Health and Human Services: 16 regulations
- Department of Labor: 12 regulations
- Department of Education: 11 regulations
- Department of Agriculture: 11 regulations
- Department of State: 10 regulations
- Department of Homeland Security: eight regulations
- Department of Transportation: eight regulations
- Department of the Interior: eight regulations
- Department of Housing and Urban Development: seven regulations
In January, the Obama Administration ordered the Federal government to ax rules that were repetitive and burdensome to the economy, which lead to the undoing of hundreds of regulations. The Administration claimed that the action would save American business upward of $10 billion in half a decade and create jobs.
While the President’s initiative did modestly help economic recovery, Republican lawmakers say that the coming onslaught of regulatory actions is going to reverse any good that was done and kill the economy.
Some studies have indicated that six pending EPA regulations limiting air and water pollution alone are going to cost American businesses up to $138 billion, not to mention upward of $500 billion in construction costs to become compliant.
Learn more about specific government regulations at Reginfo.gov.