Regulatory Reform

   Regulatory Reform

Manufacturers rely on a stable, balanced and common-senseregulatory environment to create jobs and fuel economic growth. However, theburden of unnecessarily costly and duplicative rules weighs heavily on theirability to grow and create jobs. Federal regulation is estimated to cost morethan $2 trillion annually. The burden of regulation fallsdisproportionately on small businesses and manufacturers. The averagemanufacturing firm in the United States paid $19,556 in compliance costs—nearly double the average of the average U.S. firm. Small manufacturers paid threetimes as much as the average U.S. firm.

Dollars spent by manufacturers on regulatory compliance forunnecessarily cumbersome or duplicative regulations are dollars not spent oncapital 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. 

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