MSCI, Allies Ask President-Elect Trump To Reduce Regulatory Burden
In a letter sent last week, the Metals Service Center Institute, the National Association of Manufacturers, and more than 100 manufacturing associations asked President-elect Donald Trump to reduce the regulatory burden on U.S. manufacturers. The letter also outlines a pro-manufacturing regulatory agenda based on more than three dozen regulatory actions the Trump administration could take on its first day in office.
Highlights include:
- Instituting a “regulatory reset” that would “stop the trend of overreaching regulations that seek to expand agencies’ authority” and instead focus on tailored rulemakings based on robust collaboration with the industry.
- Undo the Biden administration’s January 2024 moratorium on liquefied natural gas export permits since a protracted pause would jeopardize 900,000 jobs and $250 billion in U.S. gross domestic product
- Reform the United States’ out-of-date permitting laws by accelerating the permitting process for critical energy infrastructure, creating enforceable deadlines, and providing regulatory certainty to manufacturers.
- In February 2024, the Environmental Protection Agency (EPA) announced an unworkable National Ambient Air Quality Standard (NAAQS) for fine particulate matter (PM2.5). The Trump administration should relax the PM2.5 rule and maintain the existing NAAQS for ozone, a standard the European Union has set more than 70 percent above the current U.S. threshold, when it comes up for review in 2025.
- Replace the EPA’s new rules for existing coal-fired and new natural gas–fired power plants with workable standards.
Read more about this letter and the overwhelming regulatory burden on manufacturers at this link.