Regulatory agencies need to be much more transparent. One way to do that is through an annual report card with important information about each agency such as how many rules it has in the books, how many more are on the way, and what they cost. Since agencies aren’t doing this on their own, CEI is taking up the mantel.
In the Federal Communications Commission report card, released today, previously scattered information is put together in one place. The FCC has over 25,000 specific regulatory restrictions in the Code of Federal Regulations, and they cost an estimated $142 billion. It issued 108 final regulations last year, and 86 more were published in the most recent Unified Agenda, which lists upcoming rules.