Since assuming office, President Biden has made combatting Covid-19 and bolstering the US economy the immediate priorities for his administration. Behind the scenes, however, are looming regulatory changes that could unwind much of the deregulation that occurred in the Trump era. Three areas — the environment, healthcare and Big Tech – are likely to be among the most affected.
At the outset, it should be acknowledged that the impact of regulations on the overall economy is inherently difficult to quantify. One reason is federal agencies are only required to conduct cost-benefit analyses on rules deemed “economically significant”. They are defined as having an annual effect on the economy of at least $100 million (£72 million).
- Nicholas Sargen
- Global Investor