The U.S. legal system is more than twice as expensive as our major competitors such as Japan, France, Canada and the United Kingdom. Tort claims and related litigation cost more than $250 billion per year. These costs result in lost jobs and lost growth opportunities. Manufacturers support a legal system that encourages a fair, consistent and common sense approach.
The NAM supports effective regulation and oversight by federal agencies like the Consumer Product Safety Commission (CPSC) because it complements manufacturers’ long-time commitment to safety and excellence. The NAM advocates for commonsense policies that encourage the use of voluntary standards and cooperation between government and the private sector to achieve our mutual goals.