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Obamas First Term Costs and Number of New Major Regulations

Created on May 1, 2013

Obamas First Term Costs and Number of New Major Regulations

CHART 1

Figures are for January 21, 2009, to January 20, 2013.

Federal agencies issued 131 new major regulations during Obama’s first term, dwarfing the 12 that reduced regulations. The most prolific issuer was the Securities and Exchange Commission.

Federal agencies have reported new annual regulatory costs totaling about $70 billion. The highest costs come from the Environmental Protection Agency ($37.8 billion) and the Department of Transportation ($15.9 billion). Savings from reductions in regulatory burdens total only $857 million.

Securities and Exchange Commission

Environmental Protection Agency

Commodity Futures Trading Commission

Department of Energy

Federal Reserve Board

Department of Transportation

Department of Health and Human Services

Department of Labor

Treasury Department

Department of Homeland Security

Consumer Product Safety Commission

Number of New Regulations

Number of Regulatory Reductions

Cost of Regulations

Savings from Reducing Regulation

Environmental Protection Agency

Department of Transportation

Department of Energy

Securities and Exchange Commission

Department of Health and Human Services

Department of Labor

Commodity Futures Trading Commission

Department of Justice

Treasury Department

Department of Homeland Security

Federal Reserve Board

NUMBER OF REGULATIONS

BILLIONS OF DOLLARS

Source: Heritage Foundation calculations based on data provided by individual agencies.

B 2793

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