November 11, 2024
(Industry Intelligence Inc.)
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Recycling-related legislation is currently under consideration in Congress and three state legislatures in the United States, with potential implications for the plastic packaging, mattress, battery, and paint industries. If passed, these measures would align with similar recycling laws already enacted in 33 states. The proposed federal legislation would mandate that plastic packaging contain at least 30% recycled content. Meanwhile, the state bills under review would require manufacturers to cover the costs of managing recycling programs for the products they produce. Bills under consideration include: The state measures shift the responsibility for funding recycling programs from governments to manufacturers, who would then bear the costs associated with properly disposing of their products. According to the National Conference of State Legislatures, the intent of similar laws in other states is to save taxpayer money while incentivizing manufacturers to design more sustainable products. However, these measures can result in extra costs and complexity for manufacturers, reports specification management firm Specright. Costs may include funding recycling efforts and redesigning products, which can affect material sourcing and supply chain operations. Companies also face the challenge of navigating various state laws, which can add to operational complexity. Some of the bills under consideration allow companies to pass recycling costs on to consumers by charging fees at the point of purchase, although this practice varies by state. Failing to stay informed about new legislation can result in non-compliance, costly product recalls, redesigns, penalties, erosion of consumer trust, and even legal action. However, many companies lack the resources to effectively track bills that could impact their operations. Legislation Monitor from Industry Intelligence Inc provides the essential information business leaders need to track legislative changes. The monitor delivers real-time updates on bill histories, sponsor tracking, and AI-generated summaries along with connections to related news and expert analysis. Don’t get caught off guard by legislative proposals that can affect your business. Learn more with our interactive Legislation Monitor demo at https://info.industryintel.com/market-intelligence-legislation-monitor.
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