White House Says 2000-10 Federal Regs Benefits Outweigh Costs, Etc.
The White House has issued a report, "2011 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities." The principal findings include, among other things, that the estimated annual benefits…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
of major Federal regulations reviewed by OMB from October 1, 2000, to September 30, 2010 are in the aggregate between $132 billion and $655 billion, while the estimated annual costs are in the aggregate between $44 billion and $62 billion; and some rules are estimated to produce far higher net benefits than others.