On the recordMay 9, 2024
Mr. President, regulations have been coming thick and fast from the Biden administration lately as the administration races to squeeze in regulations before the deadline, after which they could be overturned by a new Congress. In fact, a recent spate of regulations brought the total regulatory costs imposed by the Biden administration in 2024 to over $1 trillion-- $1 trillion--in just one year. All told, the Biden administration has imposed a staggering $1.47 trillion in regulatory costs since the President took office--$1.47 trillion. Compare that to President Trump, who had actually reduced regulatory costs by this point in his administration. But, perhaps, I am not being fair. Perhaps, it is not surprising that a Republican President didn't impose a staggering regulatory burden. Let's compare President Biden to his Democratic predecessor, President Obama. By this point in his first term, President Obama had imposed regulations costing $303.5 billion-- certainly, of course, more than President Trump, but, I am afraid to say, still a long way away from President Biden. The total cost of President Obama's regulations at this point in his first term doesn't come anywhere close to President Biden's total. In fact, the total cost of President Obama's regulations to this point was roughly 20 percent of the cost of President Biden's--20 percent. The Biden administration has imposed regulations costing almost five times as much as President Obama's.…





