Manufacturers rely on a stable, balanced and common-sense regulatory environment to create jobs and fuel economic growth. However, the burden of unnecessarily costly and duplicative rules weighs heavily on their ability to grow and create jobs. Federal regulation is estimated to cost more than $2 trillion annually. The burden of regulation falls disproportionately on small businesses and manufacturers. The average manufacturing firm in the United States paid $19,556 in compliance costs—nearly double the average of the average U.S. firm. Small manufacturers paid three times as much as the average U.S. firm.
Dollars spent by manufacturers on regulatory compliance for unnecessarily cumbersome or duplicative regulations are dollars not spent on capital investment or hiring new employees in America. The NAM and its members are working to advance a manufacturing regulation system that is focused on real priorities and removes unnecessary impediments to growth.