Report: Obama cut back substantially on ‘economically significant’ regulations in October

A forthcoming report from the conservative Americans for Limited Government (ALG) says President Barack Obama’s administration dramatically cut back on the approval of “economically significant” government regulations in October.

“In the month of October, the Obama Administration approved only four ‘economically significant’ regulations,” the ALG report, obtained by The Daily Caller, reads.

“Since the White House’s Office of Information and Regulatory Affairs (OIRA) began reviewing ‘economically significant’ regulations at the beginning of the Reagan Administration, there has never been an October where so few have been approved! The October with the next lowest number of OIRA-approved regulations was 2006 when the Bush Administration approved 33.”

The report only compares the number of regulations past presidents have issued in the month of October. It’s unclear if past president have issued fewer “economically significant” regulations in other months than President Obama did in October.

A graph contained within the report shows that the Obama administration has averaged more than 40 such “economically significant” regulations per month over his term. An economically significant regulation is one that’s deemed to have an economic impact of at least $100 million.

“In fact, the only other month where the Obama Administration approved a single-digit number of economically significant regulations was his first month in office in 2009 when he approved eight,” the report adds.

ALG suggests that the reason the Obama administration has held off on issuing “economically significant” regulations in the month before the election is because the president is trying to give the impression he doesn’t have a big government agenda.

Oklahoma Republican Sen. James Inhofe said last week that Obama is purposely “refusing to comply with the law that requires him to publish forthcoming regulations.”

The president, Inhofe said, “doesn’t want the American public to know the terrible cost of the regulatory barrage he plans to unleash in a second term.” (RELATED: Inhofe pushes for transparency after Obama administration misses deadline)

The Washington Examiner reported Sunday, for instance, that the Environmental Protection Agency (EPA) is holding off on $700 billion worth of anti-coal regulations until the end of November. (RELATED OPINION: Obama’s secret — and illegal — regulatory bomb)