Week in Regulation
January 7, 2019
Regulation in the Age of the Shutdown
Due to the ongoing lapse in funding for various agencies, regulatory activity in the Federal Register has reached a historic low. There were no new burdens or savings from last week to report for the purposes of RegRodeo.com. Stay tuned for the American Action Forum’s review of regulations in 2018.
- New Proposed Rules: N/A
- New Final Rules: 1
- 2019 Total Pages: 33
- 2019 Final Rule Costs: N/A
- 2019 Proposed Rule Costs: N/A
TRACKING THE REGULATORY BUDGET
So far in fiscal year (FY) 2019 (which began on October 1, 2018), there have been 22 deregulatory actions (per the rubric created by Executive Order (EO) 13,771 and the administration’s subsequent guidance document) against nine rules that increase costs and fall under the EO’s reach. Combined, these action yield quantified net costs of roughly $1.4 billion. This, however, includes the caveat regarding the baseline in the Department of Agriculture’s “National Bioengineered Food Disclosure Standard.” If one considers that rule to actually be deregulatory, the agency wide net total is approximately $5.3 billion in net savings. The administration’s cumulative savings goal for FY 2019 is approximately $18 billion.