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The Cost of Federal Regulation to the U.S. Economy

//The Cost of Federal Regulation to the U.S. Economy

The Cost of Federal Regulation to the U.S. Economy

New National Association of Manufactures (NAM) report (http://www.nam.org/~/media/A7A8456F33484E498F40CB46D6167F31.ashx) shows complying with regulations from all government agencies costs the average U.S. manufacturer over $19K per employee.  Additionally, the report revealed that over 20% of companies reported being audit or inspected by a Federal agency last year with the average cost on fines, judicial cost or other cost to achieve compliance running $83K.

Also of interest in the report, the average manufacturer employees 10 full-time persons devoted to keeping their firm in compliance.

Ross Dudney
Risk Control Service Manager

2017-03-15T13:00:48-05:00

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