“The fact that this snuck in after the election, during the holiday season when people were otherwise occupied with their families, is not surprising,” ~ John Malcolm, senior legal fellow at the Heritage Foundation’s Center for Legal and Judicial Studies.
By law, each April and October, federal agencies are required to release an accounting of proposed regulations that will have an economically significant impact. The Kenyan’s administration didn’t release its 2012 regulatory agenda until the Friday before Christmas.
Legal experts and analysts have since been pouring through the tens of thousands of pages in order to determine their impact. According to an initial estimate by the American Action Forum, which notes that some entries are missing key fiscal data, the cost of implementing the agenda would top $123 billion. Completing the paperwork could require more than 13 million man-hours.
“The regulators are very powerful. Their reach extends into every corner of U.S. business operations and private property, said former Deputy Attorney General Tom Dupree.
.“They control the cost of the products that you buy, your living conditions, your work conditions, limit the kinds of activities that you can do” Malcolm said.