Regulation of the Day: Cap and Trade

The tenth in an occasional series that shines a bit of light on the regulatory state.

Today’s Regulation of the Day comes to us from the U.S. House of Representatives (435 employees, $4 trillion budget).

The Waxman-Markey cap and trade bill that passed the House last week contains 397 new regulations, according to CEI Energy Policy Analyst William Yeatman and former CEI Warren Brookes Fellow Jeremy Lott. The legislation now heads off to the Senate.

It is worth noting that just minutes after the final vote came in, Washington was hit by a fierce hail storm; not that Congress’ doings have any cause-and-effect relationship with the weather (ahem).

You can read the bill — Congress didn’t — by clicking here.