The Obama administration has put forth 25 so-called “midnight” regulations, which will cost the economy $44.1 billion, according to a report from the American Action Forum.
Midnight regulations are rules that are published after Election Day and before the next president is inaugurated in January 2017. Earlier this year, the administration estimated that there would be $5.2 billion in regulatory costs incurred during that time.
The $44.1 billion in regulatory costs have overshot that estimate by more than eight times.
The administration’s final regulatory agenda includes $75.3 billion in costs, which includes the cost of the midnight regulations, but is added to the $150 billion in regulatory costs the administration has produced already this year.