While tight budgets are constraining regulatory spending at many federal agencies, those that garner funding from industry fees are using these revenue streams to fund substantial increases in regulatory programs and staffing, according to an annual report that examines the U.S. budget.
Published by the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis and the George Washington University Regulatory Studies Center, the report presents more than 50 years of data on the expenditures and staff employed to run federal regulatory agencies.
Titled Economic Forms of Regulation on the Rise: An Analysis of the U.S. Budget for Fiscal Years 2014 and 2015, this year’s report confirms that regulatory spending and staffing are growing modestly for fiscal years 2014 and 2015, according to coauthors Susan Dudley and Melinda Warren.
- President Obama’s FY 2015 Budget requests a real increase of 3.5 percent in outlays for agencies that regulate private sector activities, which would bring their budgets to $60.9 billion.
- Estimated outlays for regulatory agencies are $57.8 billion in FY 2014, a real (inflation-adjusted) increase of 2.0 percent over FY 2013. Staffing at regulatory agencies is projected to increase in both the current and next fiscal years.
- Federal regulatory agencies employ an estimated 279,421 people in FY 2014, a 2.0 percent increase over FY 2013. The Budget requests an additional 0.8 percent increase in FY2015, bringing personnel to 281,527.
- Financial regulatory agencies are slated for growth in the new budget, including the Consumer Financial Protection Bureau, which added 462 new employees in 2014 and is slated to hire 172 in 2015; the Securities and Exchange Commission, which grew by 198 FTEs in 2014 and is budgeted for 464 more employees in 2015; and the Commodity Futures Trading Commission which would add 254 new employees after a slight staff reduction in 2014.
- The Patent and Trademark Office, which added 1,122 employees in 2014, continues to grow, with an additional 978 employees projected under the President’s Budget.
- Customs & Border Protection, which added 1,338 people in 2014 and is budgeted for another 1,510 in 2015, will soon have a full time staff that exceeds that of the Transportation Security Administration.
- The Food and Drug Administration, which added an estimated 1,731 new personnel in 2014, is set to add another 1,033 people in 2015.
Melinda Warren (l) and Susan Dudley (r),
co-authors of Economic Forms of Regulation
on the Rise: An Analysis of the U.S. Budget for
Fiscal Years 2014 and 2015
The current report and a number of our past reports are available below:
- Regulatory Report, 2015
- Regulatory Report, 2014
- Regulatory Report, 2013
- Regulatory Report, 2012
- Regulatory Report, 2011
- Regulatory Report, 2010
- Regulatory Report, 2009
- Regulatory Report, 2008
- Regulatory Report, 2007