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New Tools Track Regulatory Accumulation Daily
The Regdata US Regulation Tracker allows researchers and other interested parties to visually assess the quantity of regulation in the Code of Federal Regulations (CFR) on a daily basis. The tracker runs on the QuantGov platform, which quantifies regulation by counting the number of regulatory restrictions in the CFR (the words shall, must, may not, prohibited, and required). The tracker can display other attributes of regulations that the QuantGov platform identifies or quantifies, such as the levels of regulation targeting specific industries or the quantities produced by regulatory agencies at different points in time. Furthermore, the tracker can display multiple industry or agency regulatory restriction counts at the same time.
Executive Order 13771 was signed by President Trump on January 30, 2017. This order, also known as the “one in, two out” policy, directs agencies to modify or eliminate two existing regulations for each new regulation that they add. An influential executive order provides a great opportunity to use the Regdata US Regulation Tracker. The figure below is a screenshot of the tool with a dotted line showing the signing of EO 13771.
It is easy to see that the growth of regulation has decreased since the executive order was signed, but regulation as a whole is still accumulating. Of course, it’s worth mentioning that some regulatory agencies are exempt from the requirements of EO 13771.
Using another dataset produced by the Mercatus Center at George Mason University called RegPulse, it is easy to pinpoint the individual agencies that may be behind this trend. The figure below shows the top five agencies with the largest regulatory reductions since January 30, 2017 when EO 13371 was signed.