Concerns Mount over 4,100 Regulations Pending in Washington That Could Cost
More
than
Half a Trillion Dollars
WASHINGTON, July 18, 2012 /PRNewswire-USNewswire/ -- The next four years could bring a tidal wave of costly federal regulations impacting U.S. businesses and consumers, according to new analysis by the National Federation of Independent Business' coalition, Small Businesses for Sensible Regulations.
There are currently 4,128 federal regulations in the pipeline which, if
implemented, will impose costs of more than $515 billion on the U.S.
economy.
"With small business confidence
at an all-time low, this tidal wave of impending federal regulations is
coming at the worst time imaginable, creating more uncertainty for small
business owners and further stalling their economic recovery," said
Susan Eckerly, Vice President of Public Policy for the NFIB.
Over the past four years, regulations
have cost American businesses and taxpayers more than $138 billion,
according to NFIB's analysis of the Office of Management and Budget's
semi-annual regulatory agenda and a recent report by the Heritage
Foundation. NFIB estimates that regulations under consideration in
Washington could cost more than a half trillion dollars when
implemented, quadrupling the cost of regulations finalized during the
previous four years.
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