Regulation Reduction

Report on manufacturing regulations to be released next week

The Commerce Department is expected to release its first report on “streamlining permitting and reducing regulatory burdens for domestic manufacturing” early next week, CNBC reported Tuesday.

The long-awaited report stems from a presidential memorandum issued January 24 which commissioned Secretary of Commerce Wilbur Ross to review all manufacturing regulations. Manufacturers nationwide are hopeful it will ease burdensome federal permitting processes.

The Commerce Department surveyed hundreds of select manufacturers—as well as the public—for 60 days asking for comments on the impact of federal regulations on manufacturing. Upon review of the comments, Ross had an additional 60 days to assemble a report and submit it to the president.

This report is expected to present a plan to streamline the federal permitting processes for domestic manufacturing and to specify regulations the department believes are a burden impacting domestic manufacturers.

It would also recommend deadlines for completing actions and any changes to existing regulations or statutes. Ross could also highlight any suggested actions that could be taken immediately to change policies, practices, or procedures.

The memorandum requires Ross to publish the report in the federal register, as well.

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