11,327 Pages Added to Code of Federal Regulations Under Obama
Since President Obama Barack Obama came into office, the Code of Federal Regulations has increased by 11,327 pages -- a 7.4 percent increase from Jan. 1, 2009 to Dec. 31, 2011 -- according to figures the U.S. Chamber of Commerce released on Monday.
According to CNS News, there are now 169,301 pages in the Code of Federal Regulations, which is double the number of pages in 1975.
The U.S. Chamber of Commerce calculated the cost of compliance for all of the federal regulations is $1.7 trillion annually, and 70% of those regulations are economic, costing $1.236 trillion.
The report noted that environmental regulations cost $281 billion, tax compliance rules $160 billion, and occupational safety and health and homeland security cost $75 billion.
The report states each American household would be responsible for $15,586 of the federal regulatory burden, according to a 2008 study. Further, as of 2008, small businesses faced an annual regulatory cost of $10,585 per employee.
The report also noted that since 2001, the page count in the Code of Federal Regulations has increased from 141,281 pages, a 20 percent increase during the last decade.