A pair of proposed rules from the Biden administration’s Department of Energy (DOE) would add billions to consumer costs and contribute to more than 584,323 additional annual hours of paperwork, according to an estimate from Dan Goldbeck, director of regulatory policy at the American Action Forum, on Monday.
The proposed rules, which would introduce stricter efficiency standards for residential laundry machines and refrigerators, would introduce at least $7.58 billion and $6.9 billion in “incremental product costs,” respectively, for a total of at least $14.4 billion in regulatory costs, according to the DOE.
The DOE has proposed six energy efficiency rules to date in 2023, combining for roughly $23.6 billion in potential costs, Goldbeck reported.
In the news: Florida Man Pleads Guilty To $20 Million In Fraud While On Pretrial Release For $179 Million Scheme
“[O]ne can expect similar regulations to keep coming over the course of the next year for other categories of products,” Goldbeck told the Daily Caller News Foundation. The DOE in early February issued proposed rules to create a stricter set of rules for newly manufactured gas and electric stovetops.
Since his inauguration, President Joe Biden’s administration has finalized 543 new rules, with a combined cost of $359.4 billion and 218.9 million paperwork hours, Goldbeck estimated.
At the same time in their respective presidencies, the Trump and Obama administrations had introduced 598 and 770 rules, generating $6.9 billion and $208.9 billion in regulatory costs.
Android Users, Click Here To Download The Free Press App And Never Miss A Story. Follow Us On Facebook Here Or Twitter Here. Signup for our free newsletter by clicking here.