- Industry Watch Columns
July 28, 2017
Industry Watch Columns
The following articles written by Rich Walker (AAMA President and CEO) were originally published in Window & Door Magazine.
Do the Benefits of Regulations Truly Outweigh the Costs?: New legislation seeks to ensure that’s the case, August
"This May, the Senate Homeland Security and Governmental Affairs Committee passed the proposed Regulatory Accountability Act of 2017, which seeks to reform the process federal agencies use to analyze and formulate new regulations."
Consumer Confidence and the Wisdom of Crowds: According to the experts, June/July
"Looking at a smaller crowd, the National Association of Manufacturers reported that the Index of Small Business Optimism—derived from a sampling of the membership of the National Federation of Independent Business—was not far from its 12-year high in March, based largely on predictions of more pro-growth policies post-election, the Index found. Optimism has not faded, but its manifestation in terms of spending and hiring will require progress on the agenda that business owners voted for, NAHB says."
EPA on the Chopping Block: Cutting regulations with a two-edged sword, May
"As we have been observing over the last few articles, the regulations imposed by various federal agencies has, in large part, been initiated by a blizzard of executive orders. Many feel that these usurp the prerogatives of Congress and that duplicative and unnecessary rules have unjustifiably harmed manufacturers, without demonstrable benefit to the citizenry. To illustrate the point, an Office of Management and Budget report shows that Americans spent 9.78 billion hours complying with federal regulations in 2015."
A Rebalancing of Powers?, March/April
"In the last installment of Industry Watch, we looked at the Department of Labor’s move to redefine overtime
pay. As readers may recall, the new edict proposed last summer set out to essentially double the salary threshold under which employees would have to be paid overtime for hours worked beyond 40 per week from the current annual level of $23,660 to $47,476. If it became effective December 1, 2016, it would also have
given DOL the authority to unilaterally adjust (i.e. increase) that threshold every three years."
Overregulation: Balancing power on the backs of manufacturers, January/February
"In a recent installment of Industry Watch, we examined how the Lead Renovation, Repair and Painting Rule
has unnecessarily hamstrung many contractors and increased costs without proven benefit to public health. Turns out, that’s just the tip of the iceberg."