February 7, 2024
Major Regulatory Plans in Quarter One of 2024
As the Biden Administration enters the final calendar year of its current term, it is helpful to consider what the regulatory schedule could soon look like. In a new insight, Director of Regulatory Policy Dan Goldbeck examines the administration’s rulemakings set for finalization in the first quarter of 2024.
Despite its non-binding status, the latest Unified Agenda of Regulatory and Deregulatory Actions provides the opportunity to look at the most notable rulemakings agencies expect to finalize in the coming months.
The American Action Forum finds that there are four dozen potentially “major” rules scheduled for the first quarter of 2024 that, if the final rules largely match their proposed versions, could yield approximately $250 billion in total costs; this would push the Biden total to roughly $700 billion.
Moreover, the Biden Administration – cognizant that much of its regulatory agenda put forward later this year could face rescission if the November elections do not turn out favorably for the president – is likely prioritizing timely finalization of its most consequential rulemakings.