OMB to 'Modernize' Manufacturing Regulations Click to read article.
In a draft report this week, OMB said it will ask the public for suggestions about how the federal government should alter regulations relating to manufacturing. This is the second time OMB has gone to the public for suggestions; in 2002, 25 rules were changed as a result of 316 suggestions fielded from the public.
"OMB officials said they are emphasizing manufacturing because it is one of the sectors of the economy most affected by regulations."
"The U.S. manufacturing industry is hindered by regulations that often don't account for improvements in science and technology over the last 20 years," said John D. Graham, head of the Office of Information and Regulatory Affairs. "This review will help us identify and improve dated regulations so American manufacturing firms can create jobs and continue to play a vital role in our economy."