As of 2012, the Code of Federal Regulations totaled 169,301 pages. These are thousands of pages of rules and regulations that strangle business, distort decision making. These intrusive regulations slow down economic growth and empower bureaucrats. It is no wonder that these codes instill resentment and fear into the populace.
Since taking office, President Obama has added almost 19,000 pages to the Code of Federal Regulations. Complying with these regulations cost the economy at least $2 trillion per year.
Under the Constitution, the Congress is the sole government body with legislative powers. Yet, through federal regulations, the executive branch’s regulatory agencies are unduly asserting legislative powers they were never intended to have. We need to eliminate wasteful federal regulations and reign in the out of control regulatory agencies.