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