The Obama administration issued both a record, and completely staggering number of new regulations on its way out the door in 2016, leaving an administrative state that saps the economy of nearly $2 trillion a year, according to a new report being released Wednesday.
The government itself spent $63 billion in 2016 to administer and enforce all of its own regulations, the Competitive Enterprise Institute said.
With Republicans in Washington looking for reasons to streamline Washington and roll back President Barack Obama’s accomplishments, the new report is likely to be ammunition.
He counted 3,853 federal rules that were finalized in 2016 — the most for any year since 2005.
All told, during his time in office, Mr. Obama issued 685 “major” rules — generally defined as having an economic impact of at least $100 million — compared to 505 during President George W. Bush’s tenure, the CEI report said.