Following the launch of Manufacturers for Sensible Regulations, 131 state and manufacturing associations sent a letter to White House Chief of Staff Jeff Zients, pressing the administration that a senior level advisor be designated to coordinate efforts within the White House to ensure that federal regulators are implementing policies that align with the President’s promise to promote the growth of manufacturing in America.
As the letter states:
“President Biden has made strengthening the manufacturing sector a priority for his administration. Historic legislation like the Bipartisan Infrastructure Law, the CHIPS and Science Act, key energy provisions of the Inflation Reduction Act and the initial permitting reforms in the Fiscal Responsibility Act underscores the commitment that policymakers have made to our industry. However, the onslaught of new regulations, some of which are previewed in the recently released 2023 spring Unified Agenda, is chilling investment, curtailing manufacturers’ ability to hire new workers and suppressing wage growth, especially for the small and medium-sized manufacturers that are the backbone of the supply chain.”
According to the National Association of Manufacturers’ 2023 Manufacturers’ Second Quarter Outlook Survey, more than 63% of manufacturers report spending more than 2,000 hours per year complying with federal regulations, while more than 17% of manufacturers report spending more than 10,000 hours.
For more information, visit https://www.nam.org/2023-second-quarter-manufacturers-outlook-survey/