New FDA Rulings soon in effect

ucm387542On April 29th, 2015, two new FDA regulations finally made it to the US Office of Management and Budget  for the next stage of regulatory review and to assign a financial burden to the regulatory impact on industry and the economy.

 

 

Normally the process can take months, but with Presidential elections looming, insiders expect new regulations to be pushed through quickly.

 

According to FDA these rules are expected to have a “…one-time cost to industry of labeling, reformulation, and initial recordkeeping” of  “$2.3 billion, with a small annual cost associated with recurring recordkeeping. The cumulative benefits over 20 years range, on average, from $21.1 billion to $31.4 billion, depending on the inflation scenario used.”

 

 

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