NAM is a big fan for HR 3010, the Regulatory Accountability Act, and H.R. 527, the Regulatory Flexibility Improvements Act.
The""regulatory system must take into account valid concerns without impeding innovation and job creation," explains Jay Timmons CEO of NAM.
Timmons says that regulations are placing a burden on manufactures that is "impeding their ability to grow, plan for the future and create jobs."
He points out the particular difficulties that smaller manufacturers are facing citing the finding of the Small Business Administration's Office of Advocacy that very small manufacturers pay an average of $28,300 in regulatory costs per employee.
So these two bills will do the right thing 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. "