The next four years could bring a tidal wave of costly federal regulations impacting U.S. businesses and consumers, according to new analysis by the National Federation of Independent Business’ coalition, Small Businesses for Sensible Regulations. There are currently 4,128 federal regulations in the pipeline which, if implemented, will impose costs of more than $515 billion on the U.S. economy.
“We must address the damage this administration is doing if we are to create jobs and growth,” said Bill Herrle, NFIB/FL Executive Director. “With Florida’s unemployment around 8.6%, our economy doesn’t need more costly new federal regulations that will further stall economic recovery. Washington needs to do a better job enforcing regulations that are already on the books.”
(Source: Saint Peters Blog, 8/2/12, “Florida takes center stage in NFIB’s nine-state effort to stop ‘regulatory tidal wave’” by Peter Schorsch)