In 2023, the National Association of Manufacturers demonstrated once again that we deliver for you no matter the political challenges:
- Curbed harmful regulations, such as the SEC’s cybersecurity rule, the SEC’s reinterpretation of Rule 15c2-11 (stopping new public disclosure rules on private companies that raise capital via corporate bond issuance), the SEC’s aggressive stock buybacks rule and the EPA’s proposed new ozone standard
- Secured initial permitting reform to accelerate critical energy and infrastructure projects as a part of the debt ceiling agreement
- Advanced funding for manufacturers available for the domestic production of semiconductors through the CHIPS and Science Act
- Held the line on protections for families of H-1B visa holders to ensure highly skilled workers remain in the U.S.
- Set new records in enhancing the industry’s perception with the NAM and the Manufacturing Institute’s Creators Wanted campaign, including signing up 1.5 million students and career mentors to learn more about careers in our industry and continuing to boost the favorability of manufacturing with parents from 27% to 40%
Working for You
The NAM, on offense and defense, is waging a campaign for manufacturing’s future—and winning bipartisan consensus and action in the courts to move key competitiveness priorities to the finish line:
- Regulatory Defense: Tracking 100+ regulations and fighting against the regulatory onslaught.
- R&D Tax Deduction: Repealing the amortization requirement.
- Interest Deductibility: Reversing stricter limitations.
- Accelerated Depreciation: Securing 100% accelerated depreciation permanently.
- Permitting Reforms: Advancing reforms for streamlined processes and bolstering energy security.
- Legislative Wins: Driving the successful implementation of the CHIPS and Science Act, Infrastructure Investment and Jobs Act and tax credits in the Inflation Reduction Act to manufacturers investing in advanced production and energy projects
- Cost Control: Ensuring pharmaceutical savings are passed from pharmacy benefit managers to workers and plan sponsors
- Workforce: Advocating for immigration reform to fortify the manufacturing workforce.
- Trade Advancements: Renewing the Miscellaneous Tariff Bill for continued industry growth.
- IP Protection: Protecting manufacturers’ intellectual property.
- Artificial Intelligence: Championing manufacturers’ advancement of AI to improve safety and training and empower workers to be even more innovative.
- Industry Image: Maintaining and expanding the positive perception of the industry.
Manufacturers for Sensible Regulations
The NAM is leading the business community’s response to the federal regulatory barrage, bringing the largest coalition of companies and manufacturing associations in the nation together to influence key policymakers and drive the narrative.
Leading the Charge: NAM Study on the True Cost of Federal Regulations
NAM Action and Timeline
|SEC Climate Disclosures (Scope 1, 2 and 3)||Rule proposed in March 2022, likely finalized in Q4 2023|
|Power Plants Emissions||Rule proposed in May 2023, likely finalized in Q1 2024|
|Light-Duty Vehicle Multipollutant||Rule proposed in April 2023, likely finalized in Q1 2024|
|Air Quality Standards (PM2.5)||Final rule expected Q4 2023 or Q1 2024|
|Ethylene Oxide||Rule proposed in April 2023, finalized rule likely Q4 or Q1 2024|
The NAM’s Competing to Win agenda puts us in the middle of forging solutions for you that unify policymakers and the public, even in time of division. To get up to speed on the full scope of our campaign, visit our action centers: