The Biden administration is pushing through federal regulations at a furious pace, with 37 proposed new rules and 56 finalized rules in the past week alone that will cost businesses $875.3 billion.
The total cost to businesses is just $20 billion less than the entirety of the Obama administration, The Washington Times reported Thursday, citing the American Action Forum , a right-leaning economic think tank that tracks federal regulations and their costs. The Biden administration is working fast in case former President Donald Trump prevails in November's election.
"For the rest of the year, you are going to see a concerted effort to get some of these items across the finish line so they can avoid scrutiny next year if the election goes a certain way."The Biden administration is racing to establish as many regulations as possible because they could be overturned if Trump wins in November and Republicans retain their majority in the House, the Times reported.
Federal Regulations Donald Trump Businesses
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