According to Jim Fitterling, Chairman and CEO of Dow and Board Chair of the National Association of Manufacturers (NAM), there are a “stunning” 77 major regulations or proposed regulations on which the National Association of Manufacturers is engaged, fighting for manufacturers’ rights and interests.
This includes 16 from the Securities and Exchange Commission alone—such as the proxy advisory oversight rule that the NAM secured for us in 2020 and which the NAM Legal Center is now defending in court.
The NAM is also countering the SEC’s new climate disclosure rule, which would require manufacturers to produce all sorts of new data, including data we do not even have a method for collecting yet, and could affect both public and private companies.
The NAM is fighting the IRS’s new requirements relating to refund claims for the R&D tax credit.
The NAM is preparing to take legal action if necessary against an expected ruling from the National Labor Relations Board that could not only restrict an employer’s rights to talk about unions but also allow organizers to form a union without holding a secret ballot election.
There are 14 new regulations from the Environmental Protection Agency—including an expected new particulate matter and ozone regulation that could threaten manufacturers’ expansion plans, existing operations and any advance on affordable and reliable energy.
“We often hear about the NAM’s successful legislative campaigns on issues like tax reform and infrastructure investment and their ongoing work on the China competition bill—because their advocacy makes headlines,” said Fitterling. “In fact, the corporate tax rate would not be where it is today without the NAM’s leadership and advocacy back in 2018. Now their advocacy to counter the regulatory onslaught is also incredibly important.”
“They have the connections and expertise to take our message right to the decision-makers. They know how to craft a winning message—and when needed, a winning lawsuit. In my opinion, there has never been a more effective organization for manufacturers like us than the NAM.
“I hope that manufacturers will continue their strong support for the NAM. There is no question it is the right decision for U.S. manufacturing competitiveness.”