The National Association of Manufacturers (NAM) said that U.S. manufacturers are spending $350 billion annually just to comply with federal regulations alone.
The group, which supports 13 million people who make things in America, said it was helping answer the call of President Donald Trump's Feb. 19 executive order outlining the Department of Government Efficiency's "de-regulatory initiative."
Trump instructed agency heads to conduct a top-to-bottom review within 60 days to identify regulations that burden small businesses, impede private enterprise and entrepreneurship, and "harm the national interest" by significantly impeding "technological innovation, infrastructure development, disaster response, inflation reduction, research and development, economic development, energy production, land use, and foreign policy objectives."