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  NACD News

Regulatory compliance update: Several tools on new EPA CDR rule available to members
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On Aug. 16, the U.S. Environmental Protection Agency released its new Toxic Substances Control Act Chemical Data Reporting rule. If your company imports chemicals into the U.S., you could be subject to the requirements of this rule, formerly known as Inventory Update Reporting. Several compliance tools are available to help you prepare. More



Legislative update: House passes bill to require EPA to consider costs of regulations
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The House of Representatives has passed H.R. 2401, the Transparency in Regulatory Analysis of Impacts on the Nation (TRAIN) Act, by a vote of 249-169. This bill establishes an interagency committee to analyze major Environmental Protection Agency regulations to determine their cumulative and incremental impacts on U.S. jobs, global competitiveness, and fuel and electricity costs. It would also delay two major EPA air pollution regulations, which are estimated to cost billions to implement. More

Legislative update: DOT Special Permit user fee proposal introduced and defeated
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The Senate Appropriations Committee approved a bill to fund the U.S. Department of Transportation's activities for fiscal year 2012. As this legislation was first introduced before the committee, it included a new $600 user fee on all DOT Special Permit and Approval applications. Sen. Kay Bailey Hutchison offered an amendment to strike the user fee proposal, which the committee accepted. More

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Regulatory update: NACD opposes rule restricting businesses from seeking professional advice on labor relations
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NACD signed comments submitted by the Coalition for a Democratic Workplace to the Department of Labor in objection to the recent notice of proposed rulemaking that would require employers to disclose information related to almost any communication with employees about unions, if a consultant or attorney has assisted the employer. More

Regulatory update: NACD signs industry letter to HHS on formaldehyde and risk assessments
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Along with 20 other associations, NACD signed a letter that was sent to Health and Human Services Secretary Kathleen Sebelius requesting her to commission the National Academy of Sciences to conduct a definitive study on the alleged link between formaldehyde exposure and leukemia. The request is driven by the need to settle the scientific controversy that has arisen since the National Toxicology Program (NTP) earlier this year issued a substance profile that asserts formaldehyde is a "known human carcinogen." More



Regulatory update: FDA publishes technical amendment on food additives, other areas
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The U.S. Food and Drug Administration has published a final rule in the Federal Register to amend certain regulations regarding environmental impact considerations, food additives and generally recognized as safe (GRAS) substances. According to the agency, the purpose of the rule is to correct minor errors in the Code of Federal Regulations and, as such, is editorial in nature and intended to provide accuracy and clarity to the FDA regulations. More


  General Business Interest


EPA updating policies on enforcement, penalties for violations of chemical rules
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The Environmental Protection Agency is revamping its penalty policies to ensure fines consider economic benefits chemical manufacturers reap from violations of the Toxic Substances Control Act, the director of EPA's chemical enforcement office said. The agency is working to increase the consistency of enforcement actions conducted throughout its regions and divergent regulatory inspections, said Rosemarie Kelly, director of waste and chemical enforcement. More

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Chemical financing market turns from hot to cold
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So far, 2011 has been very positive for the chemical industry in earnings and cash flows. With the exception of the initial public offering market, the chemical industry stock market performance and debt and equity financing markets were positive through the first half. Unfortunately, with the turmoil and uncertainty on the economic and financial fronts that escalated in early August, chemical stock prices and equity and debt financing conditions turned decidedly negative. More

Chemical companies must plan now for future demographic changes
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As a large section of the population in western economies hits retirement age, it is imperative that chemical companies plan for the changes this will bring. More



FTR associates forecasts higher truck rates
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Shippers hoping that truck rate increases might fall in the face of an uncertain economy are likely to be disappointed, according to FTR Associates. The research group dropped its Shipper Conditions Index for July to -3.8, a sign that truck pricing increased this summer even as the economy came close to stalling. The current level of freight demand has "completely utilized" available capacity, leaving little room for even modest increases in activity, FTR said. More
 
 

NACD ChemBytes
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