ACC: PMN backlog, TSCA review program among biggest burdens | Sens. Heitkamp, Portman reintroduce Regulatory Accountability Act | Trump proposal seeks lower overall rate, no border-adjustment tax
April 27, 2017
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ACC: PMN backlog, TSCA review program among biggest burdens
The Environmental Protection Agency's backlog of pre-manufacture notice applications and its program for reviewing new substances under the Toxic Substances Control Act are among the most burdensome regulations affecting chemical manufacturers, said the American Chemistry Council in comments submitted to the Commerce Department. (subscription required) (4/26) 
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The Toxic Substances Control Act and the Conduct of Science
This whitepaper examines how the newly enacted Frank R. Lautenberg Chemical Safety for the 21st Century Act has effectively reformed the role of, and demand for, scientific information pertaining to chemicals. Download now!
Policy Watch
Sens. Heitkamp, Portman reintroduce Regulatory Accountability Act
Sens. Rob Portman, R-Ohio, and Heidi Heitkamp, D-N.D., have reintroduced an updated version of the Regulatory Accountability Act, a rule that would require federal agencies to complete a cost-benefit analysis before issuing new regulations. "The courts would ensure that agencies do not rely on irrational assumptions or treat cost-benefit analysis as a mere afterthought," Portman's office said
The Hill (4/26) 
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Trump proposal seeks lower overall rate, no border-adjustment tax
A tax proposal from the Trump administration would reduce the corporate income-tax rate from 35% to 15% but made no mention of a border-tax adjustment.
Journal of Accountancy online (4/26) 
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No decision on EPA deputy administrator nominee
Former Environmental Protection Agency official Susan Bodine is reportedly in the running to become deputy administrator. Andrew Wheeler was thought to have been the favorite, but he has publicly said he has received no job offer. (subscription required) (4/26) 
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State, D.C. attorneys general oppose NAAQS legislation
Fifteen state attorneys general and the AG for Washington, D.C., have written to Congress opposing a bill that would delay changes to the federal ozone standard and otherwise modify the national ambient air quality standards program. The legislation has been proposed in the House and Senate. (subscription required) (4/27) 
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Other News
ACC’s 2017 Statistical Reference Book on Plastic Resins Now Available
RESIN REVIEW is a comprehensive, authoritative data source on the North American plastic resins industry. The 2017 edition provides historical data trends on sales by market, production, industry capacities and utilization rates for major plastic resins. Order today! PRICE: $300/PDF, $350/hard copy.
Industry Watch
Clariant sales up 9% in Q1
Clariant posted a 9% sales increase in local currency during the most recent quarter, crediting demand for its ingredients that go into soaps and other products, as well as US acquisitions.
Reuters (4/27) 
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Bayer posts 15% boost in Q1 earnings
Bayer's first-quarter earnings before interest, taxes, depreciation and amortization were up 15% for the first quarter, buoyed by a strong performance by Covestro and the drug Xarelto.
Reuters (4/27) 
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Other News
Research & Innovation
Caterpillars with taste for plastic could help clean up waste
Caterpillars that dine on beeswax can also digest plastic and could be used to help eliminate the massive amount of plastic waste created around the world, a study in Current Biology suggests. The caterpillars are the larvae of the Galleria mellonella moth and can eat through a plastic bag in less than an hour, researchers say.
BBC (4/24) 
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Leadership & Management
Don't expect to prevent every crisis
The cost of corporate crises is ballooning, and leaders need to spend time preparing for them, not just trying to prevent them, write Sanjay Kalavar and Mihir Mysore. The first step before a crisis is having a cross-functional team that can map out immediate and second-tier threats.
McKinsey (4/2017) 
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ACC News
CHEMTREC featured at COSTHA 2017 Annual Forum & Expo
CHEMTREC, the definitive information resource and solutions provider for hazardous materials and dangerous goods response, will be featured at this year's Council on Safe Transportation of Hazardous Articles conference and expo, April 30 to May 3 at the DoubleTree Resort by Hilton Hotel Paradise Valley in Scottsdale, Ariz. At Booth 101 in the exhibition hall, CHEMTREC staff will be on hand to provide information and answer questions about the services provided by this round-the-clock resource linked to the largest network of chemical and hazardous material experts in the world. You can also find more information online. GlobalChem is the chemical industry's premier policy and regulatory conference.
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Learn more about the American Chemistry Council:
The empires of the future are the empires of the mind.
Winston Churchill,
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The news reported in SmartBrief does not necessarily reflect the official position of the American Chemistry Council.
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