By Susan Dudley and Melinda Warren
Susan Dudley, Director of George Washington University Regulatory Studies Center and Administrative Conference Public Member, together with the Weidenbaum Center at Washington University in St. Louis, released a report tracking costs associated with developing, administering, and enforcing federal rules and regulations from 1960 to 2012.
The report, titled Fiscal Stalemate Reflected in Regulators’ Budget: An Analysis of the U.S. Budget for Fiscal Years 2011 and 2012, states:
"Despite efforts to freeze non-security discretionary spending, the budgets of federal regulatory agencies are increasing in both 2011 and 2012. The estimated cost of running regulatory agencies in 2011 is $54.9 billion, a 4.3 percent increase over 2010 spending. The President’s Budget requests an additional increase of 3.0 percent in 2012, for a total regulators’ budget of $57.3 billion. The number of staff employed on regulatory matters is growing at a rate of about 10,000 new regulatory employees per year in 2011 and 2012. The number of full time regulatory employees is expected to reach an all-time high of 291,676 in 2012."
Visit the GW University Regulatory Studies Center website to view the full report.
Add new comment