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By Ali Meyer, Apr. 3, 2014
The number of major federal regulations issued in the first five years of
the Obama administration was 153.2% higher than during the first five years of
the Bush administration, according to data from the Heritage Foundation.
“In the first five years of President
Obama’s Administration, 157 major federal regulations were issued. By
comparison, only 62 major federal regulations were issued during the first five
years of the George W. Bush Administration,” according to Heritage’s
report, Red Tape Rising:
Five Years of Regulatory Expansion.
A major federal regulation is defined as
“any rule that the Administrator of the Office of Information and Regulatory
Affairs of the Office of Management and Budget finds has resulted in or is
likely to result in: (A) an annual effect on the economy of $100,000,000 or
more; (B) a major increase in costs or prices for consumers, individual
industries, Federal, State, or local government agencies, or geographic
regions; or (C) significant adverse effects on competition, employment,
investment, productivity, innovation, or on the ability of the United
States-based enterprises to compete with foreign-based enterprises in domestic
and export markets,” reads the report.
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