Regulatory Costs Across Administrations by Quarter

The chart above shows the net total economic impact of final rules at the same points in time across the Obama, Trump, and Biden Administrations, through the end of the third quarter of each administration’s second year. The Biden Administration recently crossed the $300 billion threshold. Its total is driven by two exceptionally expensive rules, both of which are significantly larger than even the largest rule issued during the Obama Administration over the same timeframe. Economic impact data from