In a new retrospective, Director of Regulatory Policy Dan Goldbeck reviews the costs, paperwork burdens, and trends of the Biden Administration’s regulatory policy in 2024.

Key points:

• Federal agencies collectively finalized $1.4 trillion in net regulatory costs in 2024, making it far and away the costliest year recorded since 2005.
• Federal agencies also collectively finalized 79.4 million new annual hours of paperwork burden.
• While there were some notable proposed rules, most of the year’s rulemaking action came on the final rule side of the ledger as the now-outgoing Biden Administration focused on finalizing some of its core regulatory proposals.

Read the analysis