"No Fault" Administration
Posted: Fri Jan 04, 2013 1:38 am
Obama administration delivers delayed regulatory agenda, could cost billions
By law, each April and October, federal agencies are required to release an accounting of proposed regulations that will have an economically significant impact. That didn't happen in 2012.
Instead, the Obama administration didn't release its 2012 regulatory agenda until on the Friday before Christmas.
"The fact that this snuck in after the election, during the holiday season when people were otherwise occupied with their families, is not surprising," said John Malcolm, senior legal fellow at the Heritage Foundation's Center for Legal and Judicial Studies.
Since the Dec. 21 release, legal experts and analysts have been pouring through the tens of thousands of pages in order to determine their impact. According to an initial estimate by the American Action Forum, which notes that some entries are missing key fiscal data, the cost of implementing the agenda would top $123 billion. Completing the paperwork could require more than 13 million man-hours.
In just the last 90 days, according to its own website, the federal government has issued more than 5,500 new regulatory proposals. However, it continues to miss deadlines related to the health care law and the Dodd-Frank law regulating Wall Street. Roughly half of those regulatory deadlines have been missed."
Old Pudfark sez: " Although, it's been 4 plus years...It has to be a "Bush Fault".. "
By law, each April and October, federal agencies are required to release an accounting of proposed regulations that will have an economically significant impact. That didn't happen in 2012.
Instead, the Obama administration didn't release its 2012 regulatory agenda until on the Friday before Christmas.
"The fact that this snuck in after the election, during the holiday season when people were otherwise occupied with their families, is not surprising," said John Malcolm, senior legal fellow at the Heritage Foundation's Center for Legal and Judicial Studies.
Since the Dec. 21 release, legal experts and analysts have been pouring through the tens of thousands of pages in order to determine their impact. According to an initial estimate by the American Action Forum, which notes that some entries are missing key fiscal data, the cost of implementing the agenda would top $123 billion. Completing the paperwork could require more than 13 million man-hours.
In just the last 90 days, according to its own website, the federal government has issued more than 5,500 new regulatory proposals. However, it continues to miss deadlines related to the health care law and the Dodd-Frank law regulating Wall Street. Roughly half of those regulatory deadlines have been missed."
Old Pudfark sez: " Although, it's been 4 plus years...It has to be a "Bush Fault".. "