Trump Regulatory Freeze Halts $180 Billion Of Proposed Obama Rules, New Study Shows
by Tyler Durden
ZeroHedge.com
Jan 31, 2017
On his first day in office, President Trump instructed Chief of Staff, Reince Priebus, to send a memo to all executive agencies imposing a regulatory moratorium that effectively froze all pending rules and regulations proposed by the Obama administration on their way out of Washington D.C. Now, accorded to a new study from the American Action Forum, that simple one-page memo from Priebus potentially saved Americans $180 billion.
According to American Action Forum (AAF) research, this memo put a hold on $181 billion in total regulatory costs, including $17 billion in annual costs, and 5.5 million hours of paperwork. This moratorium freezes 22 rulemakings with annual costs above $100 million and 16 measures with more than $1 billion in long-term costs.
From vehicle-to-vehicle communications to efficiency standards for air conditioners and furnaces, Obama’s parting regulations ran the gamut.
The largest rules subject to the moratorium are a mix of those still in the proposed stage, recently finalized, and concluded but not yet published. Below are the top five rules likely subject to the regulatory freeze:
Vehicle-to-Vehicle Communications: $108 billion in total costs
Efficiency Standards for Air Conditioners: $12.3 billion in total costs
Efficiency Standards for Furnaces: $9.2 billion in total costs
Hospital and Critical Access Reform: $5.7 billion in total costs
Efficiency Standards for Uninterruptible Power Supplies: $4.6 billion in total costs
The Rest…HERE
