With approximately two months until President-elect Donald Trump takes the helm at the White House, President Obama is considering imposing 1,019 new regulations on the American public.
This parting gift will come as a shock to the American public, as federal agencies have over 1,000 regulations in the final stage that can be implemented in the final weeks of Obama’s tenure in the White House.
From The Daily Caller:
“This week’s release of the administration’s Unified Agenda is simply the realization that after more than $800 billion in regulatory burdens, regulators aren’t done,” Sam Batkins, regulatory policy director at the right-leaning American Action Forum, told The Daily Caller News Foundation.
Agencies are working overtime to publish regulations on industry before the Trump administration can come in and stall the rulemaking process. Regulators have published more than $4 billion in new regulatory burdens this week alone, according to Batkins.
Since Obama took office in 2009, his administration has imposed approximately $860 billion worth of new regulations on the American economy, for an average of 2.2 per day, though that number will rise in the final days of this administration.
Batkins further noted that getting all the regulations implemented will be a big task because “even if the Obama administration published 20 new regulations a day, he could get 800 rules done before leaving office on Jan. 20. Many of the rules experts expect the Obama administration to publish in the coming weeks could impose billions of dollars in costs on businesses.”
Donald Trump has promised to eliminate many, if not all, of the executive orders issued during this administration, and it is likely he will revoke any new regulations pushed out by the numerous federal agencies. One target of Mr. Trump’s has been the reckless Environmental Protection Agency, which the Republican has promised to abolish, along with the hundreds of regulations imposed under Obama.
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