6,037 New Regulations and Counting...

Posted by Brianna Panzica on the Wealth Wire- Monday, November 12th, 2012

Washington may not be close to avoiding the fiscal cliff, but it’s wasted no time in setting up regulations.

On the government website regulations.gov, you can see all 6,037 regulations and notifications posted in the last 90 days and the 932 to follow in the coming 90 days.

And you can probably expect the latter number to rise as it gets closer to each date. For the last 90 days, there was an average of 67 regulations per day.

Of course, some of these are notifications, particularly for meetings. The National Institute of Dental and Craniofacial Research, for example, is meeting on November 15th to review grant applications.

The rest, however, are regulations. On October 22, a rule went into effect regulating safety measures for oil, gas, and sulfur operations on the Outer Continental Shelf.

The Federal Register reads:

To implement the appropriate recommendations in the Safety Measures Report and the DWH JIT report, BSEE [Bureau of Safety and Environmental Enforcement] is amending drilling, well-completion, well-workover, and decommissioning regulations related to well-control, including: subsea and surface blowout preventers, well casing and cementing, secondary intervention, unplanned disconnects, recordkeeping, and well plugging.

Of course, President Barack Obama promised, in a video posted on the site, to remove outdated regulations.

CNS News reports:

“I’ve ordered a government-wide review, and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them,” the president said.

Some of the regulations are revisions on existing ones, making updates in the way the president promised.

But they’re not nearly all revisions. Plenty of new regulations have popped up as well – adding on waves of new government control for every regulation Obama updates or removes.

And frankly, some of them just appear to be a waste of time and resources. On November 7, for example, the “Holiday Mobile Shopping Promotion” went into effect. This regulation planned to “temporarily reduce the prices for certain types of First-Class Mail and Standard Mail letters and flats containing a transactional two-dimensional barcode (“mobile barcode”) readable by consumer mobile devices.”

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