Press Release Summary:
Statement by NAM President and CEO Jay Timmons expressed support for H.R. 3010, Regulatory Accountability Act, and H.R. 527, Regulatory Flexibility Improvements Act. These bipartisan bills, he said, would ease burden of unnecessary regulations on job creators by reforming how regulations are analyzed. Urging House members, Timmons said "The regulatory system must take into account valid concerns without impeding innovation and job creation."
Original Press Release:
Regulatory Reform Bills Will Reduce Burden on Manufacturers
Legislation Will Help Save Jobs and Allow Economy to Grow
Washington, D.C. - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement in support of H.R. 3010, the Regulatory Accountability Act, and H.R. 527, the Regulatory Flexibility Improvements Act:
"In today's struggling economy with growing global competition, manufacturers are faced with an unprecedented regulatory burden that is impeding their ability to grow, plan for the future and create jobs. Manufacturers of all sizes are impacted by harmful and unnecessary regulations, but small businesses are disproportionally affected. In fact, the Small Business Administration's Office of Advocacy found that very small manufacturers pay an average of $28,300 in regulatory costs per employee.
Manufacturers strongly support these two bipartisan bills, which will ease the burden of unnecessary regulations on job creators by reforming how regulations are analyzed -including mandating that agencies implement the least costly option to achieve the objective. Many agencies have been using loopholes to avoid regulatory reviews that Congress intended, and this legislation will put a stop to this practice. Additionally, this legislation takes the important step to subject independent regulatory agencies, such as the National Labor Relations Board, to the same regulatory principles as Executive Branch agencies.
House members can stand up for jobs by supporting these two bills that make positive changes to our regulatory review process. The regulatory system must take into account valid concerns without impeding innovation and job creation."
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.