Thanksgiving week was a busy one, with new regulations ranging from potatoes to royalties. Meanwhile, the 2016 Federal Register, as of Black Friday, is already nearly 4,000 pages past the all-time record previously set in 2010, with all of December still to go. The midnight rush is on.
On to the data:
Dan Loeb’s Third Point Re To Merge After Years Of Losses
Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More
- Last week, 85 new final regulations were published in the Federal Register, after 59 the previous week.
- That’s the equivalent of a new regulation every two hours and 27 minutes.
- With 3,389 final regulations published so far in 2016, the federal government is on pace to issue 3,732 regulations in 2016. Last year’s total was 3,406 regulations.
- Last week, 2,292 new pages were added to the Federal Register, after 3,724 pages the previous week.
- Currently at 85,396 pages, the 2016 Federal Register is on pace for 94,049 pages. This would well exceed the 2010 Federal Register’s previous all-time record adjusted page count of 81,405.
- Rules are called “economically significant” if they have costs of $100 million or more in a given year. 29 such rules have been published so far in 2016, none in the last week.
- The running compliance cost tally for 2016’s economically significant regulations ranges from $23.5 billion to $36.2 billion.
- 269 final rules meeting the broader definition of “significant” have been published this year.
- So far in 2016, 574 new rules affect small businesses; 98 of them are classified as significant.
Highlights from selected final rules published last week:
- The federal government is changing its size requirements for olives.
- Another potato handling regulation. That makes 345 since 1995; see them all here.
- Updated language for California raisins: “Recently, the U.S. Standards for Grades of Processed Raisins (standards) were amended to remove the word ‘midget.’ This rule makes the marketing order and the import regulations consistent with the amended standards.”
- In line with the Sunscreen Innovation Act, the FDA is revising some of its policies for approving over-the-counter sunscreens.
- Royalty rates for musical performances at colleges and universities.
Republished from CEI.
Ryan Young is the Competitive Enterprise Institute’s fellow focusing on regulatory and monetary policy and financial regulation. He also hosts CEI’s weekly podcast and writes the popular “Regulation of the Day.”
This article was originally published on FEE.org. Read the original article.