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Satisfaction with government regulation of businesses at record low: Gallup

Dissatisfaction with government regulation of businesses has reached a record high among Americans, a new Gallup poll shows.

The survey found 60 percent of Americans were dissatisfied with such regulations, a figure that includes 29 percent who want less regulation, 18 percent who want more regulation and 13 percent who are dissatisfied but said such measures should remain the same.

Only 28 percent of Americans surveyed in the poll reported being satisfied with regulations on businesses.

The findings mark another increase in Americans who are not satisfied with government regulations, which spanned all political party groups with 72 percent of Republicans, 59 percent of independents and 55 percent of Democrats agreeing with the notion.

The findings come just after President Biden marked his first full year in office. The Gallup poll also reported that a majority of Americans, or 74 percent, remain dissatisfied with the size and influence of major corporations.

Just before he took office, Biden put together a team to help him embark on an aggressive regulatory agenda, with the aim of reversing policies that resulted in more lax regulations under former President Trump.

One such action the Biden administration took was an executive order to kick-start new regulations on methane and other emissions in the oil and gas industry.  

His picks to lead two major financial industry regulators, the Securities and Exchange Commission and the Consumer Financial Protection Bureau, also meant an expansion of consumer and investor safeguards while holding financial firms to a higher standard.

A Gallup poll from last fall showed 52 percent of Americans thought the government was doing too much beyond its proper role.

Tags Donald Trump Joe Biden

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File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)
File - A Chevrolet Bolt is displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia. Electric vehicles are far less reliable than gasoline-powered cars, trucks and SUVs, mainly because most automakers are still learning how to build a completely new power system, according to this year's auto reliability survey by Consumer Reports.(AP Photo/Matt Rourke, File)

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In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)
In this photo released by the Governor of Sevastopol, Mikhail Razvozhayev telegram channel, a rescuer gestures as he helps people during an evacuation after storm and flooding in Sevastopol, Crimea, Monday, Nov. 27, 2023. A storm in the Black Sea took down power grids and left almost half a million people without power after it flooded roads, ripped up trees and damaged buildings in Crimea, Russian state news agency Tass said. (Governor of Sevastopol Mikhail Razvozhayev's telegram channel via AP)

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