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CEI analysts say taxpayers and the economy would benefit from reforming the Depression-era Federal Deposit Insurance Corporation and "drastically shrinking and reevaluating the need for" the Consumer Financial Protection Bureau.
Federal government needs major overhaul to cut red tape, reduce costs: Report →
But the CEI report said Congress should also bear more responsibility for the "hidden tax" of regulatory costs, which it said gets passed on to consumers to the tune of $15,000 per household.
Obama's regulations in 2016 to drain economy by $2 trillion →
