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The barrage of federal regulations being handed down is disproportionately burdening manufacturers, costing small firms an average of $50,100 per employee, according to the findings of a newly released 51�Թ���-commissioned .

Key takeaways: Among the topline findings of the study, conducted by economists Nicole V. Crain and W. Mark Crain this past summer, were these key points:

• The total cost of federal regulations in 2022 is approximately $3.079 trillion (in 2023 dollars).
• Federal regulations cost the manufacturing sector at large about $350 billion a year, an amount equal to 12% of U.S. GDP.
• A small manufacturing company with just 20 employees is required to pay about $1 million annually in compliance costs.
• Since 2012, there has been a $465 billion increase in aggregate regulatory compliance costs. 

What the 51�Թ���’s doing: In June, the 51�Թ���, along with members of the 51�Թ���’s Council of Manufacturing Associations and Conference of State Manufacturers Associations, launched , a coalition of leading voices intended to address the regulatory onslaught coming from federal agencies in recent years.

The last word: “The unbalanced federal regulations make it challenging to grow manufacturing in America by siphoning resources away from job creation and our communities,” said 51�Թ��� President and CEO Jay Timmons. “The burden continues to grow year after year … chilling investment, curtailing our ability to hire new workers and suppressing wage growth, especially for small and medium-sized manufacturers. It is time for the Biden administration to take action to reverse course.”

51�Թ��� in the news: Timmons appeared on  this morning to discuss the study, which has also been covered by  and .