Federal regulations imposed by the Biden administration reached costs of $2.16 trillion in 2024, generating a “hidden regulatory tax” of more than $16,000 on U.S. households, according to a study released Thursday by the Competitive Enterprise Institute (CEI).

CEI’s study, titled “Ten Thousand Commandments,” said the $16,016 in regulatory costs consumes 16% of income and 21% of household expenses.

The report found that then-President Joe Biden reversed “even modest liberalizations” of regulation from President Donald Trump’s first administration. Biden “changed the Office of Management and Budget’s mission away from oversight and toward the promotion of the administration’s regulatory initiatives,” the report said.

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