March 5, 2021
Commerce Dept. outlines business costs for compliance with ICT supply chain rule
The Commerce Department has released an analysis of the costs businesses could face to comply with a controversial supply chain interim final rule for the information and communications technology sector, providing wide-ranging estimates depending on different business considerations.
The “Regulatory Impact Analysis” breaks down administrative costs into four areas: learning about the rule, developing a compliance plan, implementation of the plan, and compliance with investigations.
“Each of these steps has costs associated with it. The costs for some steps...