May 26 (Bloomberg) -- The Occupational Safety and Health Administration plans to cut more than 1.9 million hours of annual reporting requirement for business, a step the U.S. Chamber of Commerce said would have little effect on companies.
The OSHA rule would save more than $40 million a year, Cass Sunstein, director of the White House Office of Information and Regulatory Affairs, said today in outlining a government-wide overhaul.
“The specific changes they are making will generate negligible changes at best,” said Marc Freedman, executive director of labor law policy at the U.S. Chamber of Commerce, the nation’s largest business lobbying group.
The agency also plans to let companies apply the same hazard labels on household or workplace chemicals, such as cleaning products, used in other nations, which may save more than $585 million a year.
Easing the rules will free manufacturers from having to make safety labels for both the U.S. and international markets, Freedman said in an interview.
The revisions result from the review President Barack Obama ordered on Jan. 18, saying he wanted “to remove outdated regulations that stifle job creation and make our economy less competitive.”
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