I talk about reducing the regulatory burden. It's onerous. In our committee we set up a subcommittee on this issue, regulatory reform. But We've held hearings number of studies put the Cost of complying federal regulations over close to $2 trillion per year. I know we're getting immune to these massive numbers but divided by the number of households, that's $14,800 per household per year is the cost of complying with federal regulations. (05:02–05:07)
CLAIM
Asserts that federal regulation compliance costs nearly $2 trillion annually.
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