1. Impact of Federal Regulation on the Manufacturing Sector September 2013

2. Regulations Grow Faster Than Production in Manufacturing Cumulative Number of Manufacturing-Related Regulations vs. Manufacturing Physical Production *Actual data through July, annualized for year 2013 as a whole Source(s): OIRA and Bureau of Economic Analysis and Bureau of Labor Statistics and NERA and MAPI

3. Regulatory Growth a Factor in Manufacturing Job Losses Cumulative Number of Manufacturing-Related Regulations vs. Manufacturing Employment *Actual data through July, annualized for year 2013 as a whole Source(s): OIRA and U.S. Bureau of Labor Statistics and MAPI

4. MajorNon-MajorTotal (a)(b) (a)+(b) (c) NAICS Sector 3159405464 NAICS Sector 3270799869 NAICS Sector 332021,4741,676 Total Unique Regulations2612,0412,302 Major & Non-Major Manufacturing Rules, by NAICS Subsector, January 1981 to July 2013 Feds Have Issued More Than 2,300 Manufacturing Rules Note: The count of regulations in 2013 is shown only through July 31 Source(s): OIRA dataset and NERA analysis

5. Total Economic Burden Much Greater than Sum of Individual Rules Cumulative Major & Non-Major Manufacturing Rules by Year, January 1981 to July 2013 Note: President Clinton issued Executive Order 12866 in September 1993, greatly reducing the scope of OIRA regulatory review *The count of regulations in 2013 is shown through July 31 Source(s): OIRA dataset, NERA analysis September 1993: Executive order 12866 issued

6. Regulation Will Reduce Output by Up to 6% Over the Decade Regulatory Impact on Physical Output by Industry 2012-2021 Source(s): OIRA dataset and NERA analysis

7. Regulation Will Reduce Shipment Value by $500 Billion in 2013 Regulatory Impact on Shipment Value by Industry, 2013 Source(s): OIRA dataset and NERA analysis

8. Regulation Will Reduce Exports by Up to 17% in 2013 Regulatory Impact on Exports by Industry, 2013 Source(s): OIRA dataset and NERA analysis

9. President Years in Office Total Major Regulations Average Major Regulations Per Year Clinton1993-200029036 Bush2001-200836045 Obama2009-2013*374*75* Major Regulations Promulgated by Presidential Administration, All Sectors * Actual data through July, annualized for year 2013 as a whole Source(s): NERA analysis Surge in Regulation Under the Obama Administration

10. President Years in Office Total Major Regulations Average Major Regulations Per Year Clinton1993-2000699 Bush2001-2008557 Obama2009-2013*82*16* Major Regulations Promulgated by Presidential Administration, Manufacturing Actual data through July, annualized for year 2013 as a whole Source(s): NERA analysis Surge in Regulation Under the Obama Administration

11. Major Regulations Promulgated Between May 2012 and July 2013 Adoption of Operating Rules for Electronic Funds Transfer and Remittance Advice Core principles and other requirements for designated contract markets Effluent Limitations Guidelines/Standards for Steam Electric Power Generating Point Source Category Electronic Funds Transfers (Regulation E) Electronic Stability Control Systems for Heavy Vehicles Feedstock Flexibility Program Foreign Supplier Verification Program Increased Safety Measures for Oil and Gas Operations on the Outer Continental Shelf Major Capital Investment Projects Mandatory Country of Origin Labeling of Perishable Agricultural Commodities Migratory Bird Hunting; 2012-2013 Migratory Game Bird Hunting Regulations Migratory Bird Hunting; 2013-2014 Migratory Game Bird Hunting Regulations School Lunch and School Breakfast Programs: Nutrition Standards For Foods Sold in School Passenger Car and Light Truck Corporate Average Fuel Economy Standards MYs 2017 and Beyond Positive Train Control Systems Amendments Emission Standards for Hazardous Air Pollutants for Reciprocating Internal Combustion Engines Testing and labeling pertaining to product certification Unique Device Identification Food, Beverage, Textile, Apparel Source(s): NERA analysis One Year of Major Regulations

12. Major Regulations Promulgated by Presidential Administration 1993-2013 Customer clearing documentation, timing of acceptance, and clearing member risk management Increased Safety Measures for Oil and Gas Operations on the Outer Continental Shelf Petroleum Refineries--New Source Performance Standards (NSPS)--Subparts J and Ja Testing and labeling pertaining to product certification Wage Methodology for the Temporary Non-agricultural Employment H-2B Program Wood, Paper, Printing, Petroleum, Chemicals, Plastics, and Mineral Products Source(s): NERA analysis One Year of Major Regulations

13. Major Regulations Promulgated by Presidential Administration 1993-2013 Adoption of Operating Rules for Electronic Funds Transfer /Remittance Advice ADA Accessibility Guidelines for Transportation Vehicles: Passenger Vessels Control of Air Pollution From Motor Vehicles: Tier 3 Motor Vehicle Emission and Fuel Standards Effluent Limitations Guidelines/Standards for the Steam Electric Power Generating Point Source Electronic Funds Transfers (Regulation E) Electronic Stability Control Systems for Heavy Vehicles Energy Efficiency Standards for Microwave Ovens (Standby and Off Mode) Increased Safety Measures for Oil and Gas Operations on the Outer Continental Shelf Establish 2017 and Later Model Year Light Duty Vehicle GHG Emissions and CAFE Standards Major Capital Investment Projects Migratory Bird Hunting; 2012-2013 Migratory Game Bird Hunting Regulations Migratory Bird Hunting; 2013-2014 Migratory Game Bird Hunting Regulations Passenger Car and Light Truck Corporate Average Fuel Economy Standards MYs 2017 and Beyond Positive Train Control Systems Amendments Public Transportation Emergency Relief Program Emission Standards for Hazardous Air Pollutants for Reciprocating Internal Combustion Engines Unique Device Identification Metals; Machinery; Electrical, Electronic, and Transportation Equipment Source(s): NERA analysis One Year of Major Regulations