The conservative Competitive Enterprise Institute ranked the FCC as the...
The conservative Competitive Enterprise Institute ranked the FCC as the third-most-expensive federal department or agency based on the cost of the regulation imposed, which it estimated at $142 billion per year. Only the Department of Health and Human Services ($184.8…
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billion) and the EPA ($353 billion) cost more, CEI said. CEI estimated that spectrum regulations cost $77 billion in “higher prices and foregone wireless usage,” and broadband regulations, including net neutrality rules, add another $27 billion in costs. “That fact is not readily apparent due to an alarming lack of transparency,” the report said (http://bit.ly/YdjLDL). “Important information such as the number of FCC regulations in the books, how many more are on the way, and how much they cost are scattered in a range of different, often obscure sources.” The FCC had no comment. “I can make numbers up too,” Public Knowledge Senior Vice President Harold Feld said in response to the report. “I estimate that responding to nonsense like this cost government agencies millions of dollars, and costs the public billions of dollars in lost economic activity and direct cost to consumers. Mind you, I just made that up, but it seems about as reliable as CEI’s estimates."