In a new insight, Director of Regulatory Policy Dan Goldbeck reviews the Biden Administration’s regulatory record and its predicted legacy.

Key points:

• According to the aggregated collection of self-reported estimates from federal agencies, the cumulative total of regulatory costs under the Biden Administration added up to more than $1.8 trillion – far exceeding any preceding administration on record.
• The Environmental Protection Agency was the main contributor of regulatory costs with more than $1.3 trillion, but multiple agencies had sizeable sets of rules that passed the billion-dollar threshold.
• While the paperwork burden trends did not represent as much of a historical outlier, a handful of agencies issued a series of notable reporting requirements that added up to roughly 356 million new hours of paperwork over the course of Biden’s term.

Read the analysis