If the President follows through with his plans for the federal budget, many people claim that there will be a drastic decrease in regulations that affect the business processes of nutritional supplement manufacturers.
The Future is Fewer Regulations
Along with Trump’s proposed budget, massive budget cuts will also be imposed on the EPA, the Department of Agriculture, and the Labor Department.
Along with these budget cuts will come policies that will roll back much of the existing regulation.
For many Nutritional Supplement Manufacturers, this will have a liberating effect on business.
This is the idea, of course. President Trump ran his campaign largely on the promise to undo all of the impositions that hinder productivity and employment within U.S. borders.
Chief among these are regulations. In what Steve Bannon called an effort to dismantle ‘the administrative state,’ Trump has said that for every new regulation his administration creates, two old regulations will be removed.
Regulatory Bodies Want More Regulations
Trump’s opponents have argued that removing more than half of existing regulations will lead to Nutritional Supplement Manufacturers shirking the rules and flooding the market with cheap and adulterated products.
While this may be the case for some, (like the Colorado manufacturers who were recently shut down for repeated violations), for Supplement Manufacturers who intend to continue to produce high-quality products, there is little to worry about.
In the worst case scenario, the new laws governing Supplement Manufacturers will pave the way for manufacturers who only want to make a quick buck.
But it should have no ill effect on those who understand that the best way to make money in this business is to turn out high nutrient content products that give consumers the results they want.
In the best case scenario, the regulations that are omitted will be the most convoluted, compromised, and burdensome regulations- and the new regulations will be more concisely worded, easier to understand- and easier to follow.
Despite Trump’s promises to bolster and maintain safety standards across the board, his opponents have still expressed concern about losing safety with the loss of regulations.
But, as business owners know, the current encyclopedia of rules and regulations that companies must follow are an enormous burden which cuts deeply into profits and makes it more difficult to deliver high-quality products.It’s all in the Language
It is fallacious to assume that more regulations necessarily mean better safety. For some time now, many reform candidates have run on platforms promising a simplification of existing laws.
The way laws and regulations are written now results in extremely difficult to understand legislation. The way it basically works is, one lawmaker, proposes a law.
Then someone on the other side of the aisle says they don’t like it and they want to block it. Then the one proposing the bill says he will add something his opponent likes to the law, (something that is usually contradictory to the original idea).
Then the opposing side agrees to talk about inserting compromising language.
Once the two have agreed on a rewording of the bill that pleases them both- the bill is tabled again and anyone else might offer objections.
Then another round of compromises begins.
This is why laws, statutes, measures, and regulations are so voluminous, labyrinthine, and impossible to understand without a doctorate degree in law. And this is what the new president wants to change.
Opponents to the budget cuts and regulatory rollbacks say cutbacks at the FDA will create risks for consumers.
The FDA’s parent, the Department of Health and Human Services, would see budget cuts of 18% under Trump’s financial plan.
The FDA’s Office of Dietary Supplements has a budget of less than $5 million, overseeing a $37-billion industry. FDA spokeswoman Lyndsay Meyer said. “We do our best with what we are given.”
The Colorado Nutritional Supplement Manufacturers who were shut down due to repeated violations in their production line may not have had to cheat if they were not constrained by massive regulatory burdens.
But opponents to the cutbacks still say that problems like those created by these irresponsible companies will worsen.
They fail to recognize that with fewer regulations, fewer fines and fees, supplement manufacturers will have less overhead costs to cope with.
They will need fewer in-house lawyers to help them understand the laws they must obey- and there will be less temptation to cut corners, and to cheat. Fortunately, opponents to the cutbacks are not in charge.
Supplement companies welcome the coming wave of deregulation.
Dan Fabricant, the executive director of the Natural Products says, “Right now, there’s more than enough regulatory teeth in place to keep manufacturers in line.”
Critics to the regulatory cull say the Colorado manufacturers are an example of why we need more regulation. But business owners are saying they show why we need less.
Not Quite the Wild West
At present, when a Supplement Manufacturer offers a new product, the FDA wants to see only a statement addressing the supplement’s intended use and a promise from the company that it has “substantiated the statement, and that it is truthful and is not misleading.”
This, admittedly, is a low bar. But it does not prevent Nutritional Supplement Manufacturers from facing severe penalties should they sell a product that harms consumers.
But because Nutritional Supplements are considered to be food items, imposing harsher restrictions on Manufacturers would be excessive.
What’s more, the supplement industry is highly susceptible to the whim of the consumer.
The industry depends on nimbleness in its manufacturing capabilities to cope with consumer caprice. Until a few years ago, the government understood this.
Today, leaders in the nutritional supplement game are looking forward to enjoying a breath of fresh air, and innovators are getting ready to spread their creative wings.