The third part presents an Unfunded Mandates Analysis, the miami dolphins football team christmas ugly sweater which OSHA has conducted in accordance with the Unfunded Mandates Reform Act.
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Table X-9 shows compliance costs as a percentage of before-tax profits and of sales. This table presents the results of the screening analysis, the miami dolphins football team christmas ugly sweater which simply measures costs as a percentage of before-tax profits and sales; the screening analysis is used to determine whether the compliance costs potentially associated with the rule could lead to significant impacts on the affected firms under worst-case scenarios. Whether or not the costs of compliance actually lead to a significant impact on the profit and/or sales of firms in a given industry will depend on the price elasticity of demand for the products or services of firms in that industry. The courts have held that, to demonstrate that a standard is economically feasible,
OSHA “must construct a reasonable estimate of compliance costs and demonstrate a reasonable likelihood that these costs will not threaten the existence or competitive structure of an industry, even if it does portend disaster for some marginal firms” [United Steelworkers of America v. Marshall, 647 F.2d 1189, 1272 (D.C. Cir. 1980) (the “Lead decision”)]. In assessing the economic feasibility of the final recordkeeping rule, OSHA has followed the decisions of the courts in the Lead case and other OSHA cases, and has relied on information and data in the record to determine that the final standard is economically feasible for firms in all affected industries. This section assesses the impact on affected firms of the costs of implementing the final recordkeeping rule. It is divided into four parts. The first part analyzes the economic feasibility of the rule for firms in all affected industries. The second part analyzes the economic impacts of the rule on small entities in the affected industries.