These charts use the regulatory database RegData, which offers annual statistics on federal regulations produced by each federal regulatory agency. We find that agencies with a growing annual regulatory output—as measured by restrictions, or words used in legal language to either obligate or prohibit an action—typically will also see increases in their employment totals. These […]
What If the US Regulatory Burden Were Its Own Country?
In a new study, Bentley Coffey, Patrick A. McLaughlin, and Pietro Peretto explore the relationship between regulation, investment, and economic growth by asking two central questions: Does regulatory accumulation—the buildup of regulations over time—alter businesses’ decisions to make investments that lead to innovation and technological growth? How do these changes affect economic growth? Economic growth […]
Employee and Restriction Count Outlier Regulatory Agencies
We previously analyzed the relation between regulatory agency employees and restrictions and found two major outliers, one by each metric: Customs and Border Protection (CBP) for employment and the Environmental Protection Agency (EPA) for restrictions. These are shown in the chart below. While EPA employment has decreased by 17.7 percent in the last 10 years, […]
How To RegData: Consumer Product Safety Regulations
The hoverboard craze that swept the nation last winter might be put on hold – at least temporarily. Last month, the U.S. Consumer Product Safety Commission (CPSC) sent out an official notice to “Manufacturers, Importers, and Retailers of Self-Balancing Scooters” urging them to take their hoverboards off of the market until UL, an independent safety […]
How to RegData: CFPB vs. Other Financial Regulators
The Consumer Financial Protection Bureau (CFPB) has announced plans in fiscal year 2017 to implement new rules governing the small, short-term loan market. The federal agency aims to make it easier for banks and credit unions to offer “small-dollar” loans to compete with the multibillion dollar payday loan industry. If you’re curious how the CFPB […]
Are Regulations Created as Responses to New Technology? A Simple Test Using RegData
One theory of regulation argues that regulations arise to deal with problems associated with new technologies. Or, in some cases, regulations are eliminated when new technologies obviate their necessity. One example related to driverless cars is currently developing. The National Highway Traffic Safety Administration (NHTSA) announced that, in addition to treating Google’s self-driving system as […]
The McLaughlin-Sherouse List: The 10 Most-Regulated Industries of 2014
Recent research has shown that heavy regulation reduces entrepreneurship and employment opportunities and can divert investment from the most productive uses. The accumulation of regulation has also been associated with diminished labor productivitygrowth. On a macroeconomic scale, the buildup of regulation has slowed economic growth by an average of 2 percentage points, according to a […]
Dodd-Frank and the Federal Reserve’s Regulations
The Dodd-Frank Wall Street Reform and Consumer Protection Act has been generally associated with an explosion in federal financial regulatory restrictions. RegData permits us to specifically examine which agencies produced regulatory restrictions associated with the law. Dodd-Frank was associated with a substantial increase in the Federal Reserve’s role as a regulator, as its number of […]
While Regulatory Spending and Output Increase, Economic Analysis of Regulations Is Often Incomplete
Agencies have seen sizable increases in their budgets in the last several years, but the evidence suggests that these increases have not necessarily meant resources have been used well.
How the Top Ten Regulators of 2012 Changed over Ten Years
The top ten regulators accounted for almost one-third of all restrictions published in 2012, with the EPA and IRS producing the most restrictions.