Each year the federal government publishes between 2,500 and 4,500 new regulations. Do the new rules accomplish their intended goals? That's a good question — but it's not one those same agencies can typically answer.
"While agencies often provide a wealth of information on the anticipated effects of their rules, they seldom return to a rule to evaluate whether the benefits and costs they anticipated actually materialized," researchers at the Regulatory Studies Center at George Washington University (GWU) found. This analysis is typically not revisited after regulations are implemented, and the agencies do not "design their rules to aid retrospective review."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Selfies ban in art galleries: a sign of the times?Talking Point Priceless art has been damaged by visitors desperate to take a snap with star attractions, leading some galleries and museums to start fighting back
-
Quiz of The Week: 21 – 27 JuneHave you been paying attention to The Week's news?
-
The Week Unwrapped: How do you turn plastics into paracetamol?Podcast Plus, what is the Wagner Group doing now? And why is it so hard to find a job after university?
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
