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PEMD-95-24R 1 (1995-06-15)

handle is hein.gao/gaobackvv0001 and id is 1 raw text is: GAOUnited Stte General Accounting Omie Washington, D.C. 20548 Program Evaluation and Methodology Division J-1111 IlII1 ii IIT' 154478 B-261704 June 15, 1995 The Honorable Patrick J. Leahy Ranking Minority Member Committee on Agriculture, Nutrition, and Forestry United States Senate Dear Senator Leahy- You asked us to provide you with an additional analysis of the costs of federal regulations, based upon work we presented in our previous report,e Reform: Information on Costs. Cost-fectiveness. and Mandated Deadlines for c(GAO/PEMD-95-18BR; March 8, 1995). In that report, we presented information on estimates made by Dr. Thomas Hopkins of the cumulative costs of federal regulations.' Hopkins included five categories of costs in his estimate of the 'cost of regulation* on the economy. These are the direct, or efficiency, costs of (1) environmental regulations, (2) other social regulations, and (3) economic regulations; (4) the 'process' costs to the economy stemming from such things as paperwork requirements; and (5) transfers stemming from regulations. In the report, we presented figures showing Hopkins' estimates of the regulatory costs by each of these categories (pp. 14 and 16) and a chart showing the total of his five categories as a percentage of gross domestic product (GDP) (p. 15). As we noted in our report, there is disagreement about whether the process costs and transfer costs should be included in an analysis of the burden placed on the economy by regulation& These two categories account for the majority of Hopkins' estimate, and by excluding them, his 1990 estimate, for example, would drop from $562 billion to $228 billion. Thomas D. Hopkins, Cost of Reuato A report to the Regulatory Information Service Center, Aug. 1991; 'Federal Regulatory Burdens, RIT Public Poli Working Eam Rochester, N.Y.: Rochester Institute of Technology, 1993; and unpublished data. GAO-PEMD-95-24R Costs of Regulation C) o13g FS>

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