EPA Stands Out During Another Active Week – AAF
It was another active week in the world of regulation as various agencies continued to roll out rules with quantified economic impacts. The Environmental Protection Agency (EPA) and the Federal Aviation Administration (FAA) were at the forefront this week, with notable rulemaking actions.
The EPA introduced two new rules focused on updating standards for specific chemicals and establishing compliance frameworks for waste emissions charges. The agency estimates these rules will incur costs totaling around $390 million and $460 million, respectively, adding up to significant financial implications over the years.
FAA’s rule regarding the integration of powered-lift technology highlighted the need for clearer operating rules and certification procedures for pilots operating powered-lift aircraft. The agency estimates that implementing these changes could lead to costs totaling approximately $914 million over the next ten years.
Looking at the bigger picture, the Biden Administration’s regulatory efforts continue to stand out when compared to previous administrations. By introducing final rules with economic impacts, the current administration has increased costs by $10.1 billion compared to its predecessors at similar points in their terms. This regulatory trend is likely to continue as the administration moves forward.
Overall, since the beginning of the year, the federal government has published over $1.47 trillion in total net costs and added 143 million hours of annual paperwork burdens. These figures reflect the ongoing regulatory landscape and the significant impact of governmental decisions on various sectors of the economy.
As we observe these regulatory changes unfold, it’s essential to stay informed and aware of the implications for businesses and individuals affected by these rules. The transparency and clarity provided by regulatory agencies help ensure a fair and balanced regulatory environment for all stakeholders involved.
