Smaller chemical companies could soon be exempted from certain reporting requirements under the nation's new chemical oversight law.
Bloomberg reports that the Environmental Protection Agency is considering changes to how small producers are classified and is currently soliciting public comments on the matter.
Current chemical reporting laws exempt companies with less than $4 million in annual sales from select requirements imposed on their larger counterparts, but the Lautenberg Chemical Safety Act, in addition to creating new processes for chemical evaluations, requires the EPA to consult with the Small Business Administration about changing that standard.
The $4 million level dates to the 1980s, when chemical prices were less than half their current levels.
The adjustment, Bloomberg reported, could allow more companies to omit plant locations, worker numbers and chemical import or production levels from their reports to the agency.