Regulatory Reform

Regulatory Reform

Manufacturers rely on a stable and balanced regulatory environment to create jobs and fuel economic growth. Federal regulation is estimated to cost more than $2 trillion annually. The burden of regulation falls disproportionately on small businesses and manufacturers. Dollars spent by manufacturers on regulatory compliance for cumbersome or duplicative regulations are dollars not spent on capital investment or hiring new employees.

The NAM and its members are working to advance a manufacturing regulation system that focuses on real priorities and removes unnecessary impediments to growth.


The Aggregate Economic Cost of New Labor Market Regulations

  • The pace of labor rulemaking in the waning months of the Obama presidency will easily exceed that of the previous three two-term presidencies.
  • On average, the Obama administration’s Department of Labor (DOL) finalized nearly twice as many major labor regulations per year than the previous four administrations.

View the Study

 

Understand the Issue

COVER total cost of regulations

Federal regulation is estimated to have cost more than $2 trillion in 2012 (in 2014 dollars).  The NAM's commissioned report, The Cost of Federal Regulation to the U.S. Economy, Manufacturing and Small Business, highlights the burden of federal regulations on manufacturers in the United States.  Small manufacturers with fewer than 50 employees incur regulatory costs of $34,671 per employee per year -- more than three times the cost borne by the average U.S. company.  

Read more > The Cost of Federal Regulation to the U.S. Economy, Manufacturing and Small Business

 

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