Stephanie Salmon, Artemis Strategies; Jeff Hannapel & Christian Richter, The Policy Group, Washington, D.C. WASHINGTON ALERT
Regulations on Manufacturing Could Reduce Output A
A REPORT ESTIMATES A MANUFACTURING REDUCTION OF BETWEEN $200-$500 BILLION IN 2012.
n industry-sponsored study conducted by NERA Economic
Consulting investigated how five types of regula- tions, including financial, labor, energy, environmental and transportation impacted the manufacturing sector. According to the “Macro- economic Impacts of Federal Regulation of the Manufac- turing Sector,” environmental regulations, such as those to reduce cross-state air pol- lution, sulfur dioxide and particulate matter, have the greatest impact on manufac- turers. Te report said all regulations could reduce manufacturing output by as much as $500 billion in 2012. To accurately estimate the cu-
The average U.S. Federal regulations that have been promulgated has gone up, and could reduce manufacturing output.
been promulgated since 2009, compared to an average of 45 per year between 2001 to 2008, and 36 between 1993 to 2000. • Te increase in federal regulations has hurt manu- facturing output, especially in energy-intensive sectors, such as metalcasting. In 2012 alone, regulation may reduce manufacturing out- put by $200 billion to $500 billion, and manufacturing exports may be 6.5% to 17% lower than without the regulatory burden.
mulative cost of federal regulations that affect the manufacturing sector,
ON THE HILL
Hazardous Waste Tracking Bill Approved by Congress
In September, the U.S. House and Senate approved the Hazardous Waste Electronic Manifest Establishment Act (S. 710). The act requires the Environ- mental Protection Agency (EPA) to cre- ate an electronic manifest system for the transportation of hazardous waste. Under current law, individuals who handle hazardous waste, including metalcasters, must prepare a paper manifest that documents how hazard- ous waste is disposed, from the time it is generated through treatment, stor- age and disposal. The act is expected to be signed into law shortly. The legislation requires EPA to create a system within three years of the bill’s enactment and authorizes $2 million in funding for the task for each of the first three years. The bill is projected to save industry, state and
federal government up to at least $75 million annually in paperwork costs and would provide real-time waste tracking and data availability. Beginning after fiscal year 2015, EPA could collect user fees on companies that transport waste to offset the cost of developing, operat- ing and maintaining the system.
House Passes Manufacturing Competitiveness Act
The U.S. House of Representatives recently approved the American Manu- facturing Competitiveness Act (H.R. 1366) in a bipartisan vote of 339-77.
The bill would direct the President to submit and publish a strategy to promote growth, sustainability and competitive- ness throughout the nation’s manufactur- ing sector. It comes after a report was released by the World Economic Forum highlighting the U.S.’s fall from first to seventh in global competitiveness.
Among the key provisions, the measure would require a federal board of manufacturing experts to conduct an in-depth analysis of the nation’s manufacturing sector, government policy and efforts by global competitors to determine how best to make the U.S. an ideal loca- tion for establishing and maintaining manufacturing operations. Based on this analysis, the board will draft a national competitiveness strategy, which ultimately will be approved by the President. The first strategy is due out April 2014, and the process will recur, resulting in a revised strategy in 2018.
The measure has been referred to
the Senate Committee on Commerce, Science and Transportation.
For additional information, contact Stephanie Salmon, AFS Washington Office, 202/842- 4864,
ssalmon@afsinc.org.
November 2012 MODERN CASTING | 27
NERA analyzed more than 30 years of regulations. Following is an over- view of the key findings: • Te pace of U.S. federal regulations is accelerating. An average of 72 major regulations per year have
• In terms of the broader economy, regulations may reduce GDP by between $240 billion and $630 bil- lion this year and cut the average household’s pur- chasing power by between $1,800 and $5,000.
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