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

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