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Saturday, February 1, 2025

Regulation, Deregulation, Regulatory Reform and Regulatory Overreach: Cost Considerations vs. Level-of-Protection Considerations


     For almost every regulatory issue there is a regulatory status quo, the current laws, statutes, maximum allowable levels, and other cutoffs and limits arrived at by agreement or recommendation by regulators that is presumably based on the best available science and analysis. This is true for any public health or environmental health issue. The question for any new administration, federal or state, is whether to keep the status quo, regulate more, or regulate less.  

     In arguments about public health and environmental health, the question is always where to put the boundary between what is acceptable and what is unacceptable. More regulation is almost always associated with higher costs. It is also often but not always associated with a better level of protection. When doing cost-benefit analysis one goal is to determine willingness to accept a certain level of protection and willingness to pay for a certain level of protection.

     Conservatives, especially Libertarians, usually favor lower levels of regulation. Liberals and especially Progressives usually favor higher levels of regulations. Liberals are accused of hurting business and conservatives are accused of eroding public health and hurting the environment. Such arguments would best be resolved by some level of compromise. That is generally the case when Congress or states debate and come to conclusions. Of course, a certain level of power to change regulations is reserved for the executive branch and executive orders are the method used to increase and decrease regulations that are not ordained by Congress.

     Trump is obviously most concerned about the costs of regulations. Most businesses and companies are also concerned about these costs but also realize that there are state regulations that may exceed federal ones and that policies change with new administrations. They have already invested heavily in compliance and will continue to do so regardless of de-regulatory moves. For example, though Trump desires to de-regulate oil & gas, drill more wells, and produce more oil & gas, there are economic considerations that prevent that from happening. Without additional pipeline, storage, and export capacity up and running, which takes time in years, that will not happen. Companies have stated goals about pollution reduction, GHG emissions reduction, and efficiency that will remain regardless of who is leading the country.

 

Regulatory Reform

     There is abundant evidence that we need some regulatory reform. Mainly, this has to do with making required environmental reviews less time-consuming, less comprehensive, and less duplicatory. Add to that the position of environmentalists who sue as much as they can, making most projects more costly and more time-consuming. In fact, delay is often their goal. I agree that they have abused the system to the point where the system should be changed to limit their ability to affect projects. The National Environmental Policy Act (NEPA) is one of the main delay mechanisms that is abused most often.

     Congress has been exploring regulatory reform for a few years now but with no success thus far. There have been some decent bipartisan proposals to streamline permitting and reduce review times considerably. These reforms are generally sensible and very much needed in order to advance projects clearly in the public’s interest.

 

Regulatory Overreach and Deregulatory Overreach

     In politics, one side will inevitably accuse the other side of overreach. In fact, perceived overreach of one sort or another is often why new leaders are voted in to replace previous ones. I believe that was the case in the recent Presidential and Congressional elections. Regulations overreach when they put undue or unnecessary burdens on businesses that can’t afford them. Of course, whether regulatory levels are necessary or not is a matter of debate.

     Before the recent SCOTUS decision regarding the so-called Chevron Doctrine, where there was sufficient uncertainty about regulatory actions, there was a precedent for deference to agency expertise. After the decision, that will still be the case if the uncertainty is insufficient, but where there is enough uncertainty, the deference will be to the courts or Congress to decide cases.

     In the case of energy deregulation, particularly electricity deregulation by states, the results are decidedly unimpressive. When it happened in California the power companies began to spend less money on power line maintenance and tree cutting which resulted in some blackouts due to tree damage and later led to starting wildfires. Effects in other states have included energy supplier deals that are slightly better for a year and then revert to higher costs for consumers than would have been the case if they hadn’t chosen that supplier. In some states like Maryland, consumers were quite obviously scammed by these deals. An Ohio study recently showed that people were slightly better off before going with an energy supplier. There are also spam texts, junk mail, and the energy supplier salespeople that block your way at the local Walmart (I just avoided that aisle today).

     The Trump-Biden-Trump, dereg-reg-dereg cycle has been predictable. Biden tried in vain to enact new regulatory executive orders at the end of his turn that were immediately rescinded by Trump. They were symbolic but why waste the effort? Biden had some legislative successes: the Bipartisan Infrastructure Act and the IRA, involving decarbonization that can be seen as a regulatory goal. Biden’s LNG Pause was not needed, can probably be called overreach, and was rescinded by Trump. More to come, although I thought I read that SCOTUS failed to rule against Biden’s Clean Power rules. Congress may have to intervene. They are likely undoable anyway – evidence: one day last week 93% of PJM’s power came from fossil fuels and nuclear, which strongly suggests we need all we have. According to Washington Examiner’s Paul Bredard Biden’s regulatory costs were very high, a “striking escalation.” According to American Action Forum Director of Regulatory Policy Dan Goldbeck, the grand total is a $1.8 trillion increase in cumulative regulatory costs. I do not think that is a realistic assessment. Bredard noted, citing Goldbeck:

Biden’s Environmental Protection Agency leveled the most costly regulations at $1.3 trillion, largely due to programs targeting emissions.”

However, Goldbeck suggested that Biden’s regulations may stick around for a while:

While the past year’s rulemaking activity may have pushed this sum way over the top, it was built on a steady foundation of agency action in the early years, and although initial details are somewhat scarce, one expects the incoming Trump administration to head in a very different direction. As such, the Biden ‘record’ is likely secure for at least the next few years — and given its sheer scale, for some time thereafter,” Goldbeck said.

The Trump administration scrapped a pending EPA rule setting limits on PFAS chemicals that would have been very expensive to mitigate with costs passed on to water consumers. However, the evidence suggests we should begin to address these chemicals at some level. Environmental Working Group notes that the delay in setting limits will delay mitigation as these chemicals continue to accumulate:

State regulators have waited for the federal government to lead on this issue so they can incorporate effective monitoring and treatment requirements into their discharge permits. Without federal limits, those efforts remain stalled.”

     According to Dr. Rhett Larson, a water law professor at Arizona State University:

Getting PFAS out of drinking water is really expensive and those costs are going to get passed on to consumers, making your water bills a lot higher. And your drinking water is not where most of your exposure to PFAS is coming from,” said Larson.”

It’s a stark difference from President Trump’s first presidential term, where the Environmental Protection Agency blocked, rolled back or reversed controls of PFAS.”

There are signs the Trump EPA will continue that pattern. This week, it already withdrew regulations and studies related to the chemicals.”

The biggest impact of what the Trump administration is pulling back from is information, not regulation,” Larson clarified. “The studies that were coming out about the presence of PFAS in biosolids and sewage sludge that would have helped us know whether or not that was a good place for us to spend money regulating.”

Getting PFAS out of drinking water is really expensive and those costs are going to get passed on to consumers, making your water bills a lot higher. And your drinking water is not where most of your exposure to PFAS is coming from,” said Larson.

It’s a stark difference from President Trump’s first presidential term, where the Environmental Protection Agency blocked, rolled back or reversed controls of PFAS.

There are signs the Trump EPA will continue that pattern. This week, it already withdrew regulations and studies related to the chemicals.”

The biggest impact of what the Trump administration is pulling back from is information, not regulation,” Larson clarified. “The studies that were coming out about the presence of PFAS in biosolids and sewage sludge that would have helped us know whether or not that was a good place for us to spend money regulating.”

     The Trump people do not seem to be concerned about the reasons for regulations, rather they are concerned mostly with clawing back Biden’s regulatory moves, which is expected. They are also not in a mode to enact any new regulations. In some cases, I agree with them and in others not.

     I think that Congress should enact regulatory reforms, including NEPA limitations on time and scope of analysis. It should have happened several years ago. It should be interesting to see what happens.

 

References:

 

Biden launches ‘striking escalation’ in costly regulations. Paul Bedard. Washington Examiner. December 17, 2024. Biden launches ‘striking escalation’ in costly regulations

New record: Biden’s swamp uncorked $1.8 trillion in regulations. Paul Bedard, Washington Examiner. January 29, 2025. New record: Biden’s swamp uncorked $1.8 trillion in regulations

EPA withdraws plan to regulate harmful ‘PFAS’ chemicals in drinking water. Alexis Dominguez. Arizona’s Family. January 24, 2025. EPA withdraws plan to regulate harmful ‘PFAS’ chemicals in drinking water

Trump EPA withdrawal of PFAS effluent limits is setback for public health, EWG warns. Environmental Working Group. January 2025. Trump EPA withdrawal of PFAS effluent limits is setback for public health, EWG warns | Environmental Working Group

 

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