In the last year or so, has your business seen fewer regulations being foisted upon it? Are there fewer government agencies knocking at your doors these days? The answer is probably “yes” to both. It is almost as if a “hush” has come over the arena of federal agencies that played such a significant role in your day-to-day operations just a few years ago. The reasons for this are many.
Of course, the Trump Administration continues with its 2:1 “regulatory rollback initiative” to offset the more than 22,700 regulations of the Obama Administration which had an estimated cost of $120 billion per year. But what is even more significant are the agency hiring freezes, reductions in governmental staffing primarily through attrition, and budget cutbacks. And, of course, federal regulatory agencies are simply becoming less aggressive than in the recent past. President Trump touts that –
The White House has approved less than 200 regulations since inauguration day compared to 510 promulgated in President Obama’s first year. All of these actions by the Trump Administration have been done in response to the Federal Register of regulations which today has swollen to 185,000 pages from just 20,000 in 1960.
But, far more significant than the regulatory rollback is how the agencies have appeared to curtail their activities. Here are just a few examples:
While agency enforcement activities have declined, private attorneys representing claimants in civil court actions are filing more actions than ever before. And, the damages sought in these types of cases far exceed what most agencies would demand for resolution. Therefore, businesses must not get a false sense of security over this regulatory rollback – stay vigilant about compliance.
Of course, the “vote is still out” on this “deconstruction of the administrative state.” After all, the regulatory maze in Washington is hard to understand and evaluate. Moreover, midterm elections are coming and this could cause a possible Democrat majority which could rejuvenate regulatory initiatives. But for now, there appears to be a “hush” which has come over the arena of federal agencies – much appreciated by businesses battered by a barrage of regulations in recent years.
For further information, contact Bob Dunlevey at Taft/Law (937) 641-1743 or email email@example.com.