Why Monitoring Legislation Is Crucial to Business Success

Failure to monitor new legislation is a risk most companies can ill afford. Legislative changes reveal opportunities, create new risks, and can impact nearly all company activities.

Industry Intelligence’s Legislation Monitor offers the solution. It provides a weekly, easy-to-read report on the full range of U.S. legislative activities, including federal and state laws. It offers actionable summaries of bills along with real-time news and analysis and allows users to quickly find relevant policy content using industry-specific categories.

How Businesses Can Use Legislation Monitor

Legislation affects different groups within a company, including senior leadership, government relations, human resources, product development and R&D, and supply chain managers. Legislation Monitor helps these groups stay current on legislative changes to make better decisions and capitalize on new market opportunities.

Senior Leadership

Members of the senior leadership team include executives such as CEOs, COOs, and CFOs, along with the top leaders of key business units. As a company’s top decision-makers, the senior leadership team must be aware of the full breadth of all legislative changes that affect company operations.

For example, new environmental laws may require major changes to company operations. Tax and financial reporting laws can affect how companies plan for new tax responsibilities, and employment laws can affect the full range of human resources activities. Government incentive programs can entice a company to consider new strategies, such as solar power or recycling initiatives.

Legislation Monitor covers all legislation pertinent to select industries. It offers complete legislative coverage in non-legal layman’s terms. Its advanced search capabilities allow busy business professionals to quickly find the necessary information.

Government Relations Professionals

Tracking legislative changes plays a crucial role in government relations. This group uses legislation monitoring to stay up-to-date on legislative changes to advocate for new legislation and policies that favor a company, market, or industry. Legislative updates also allow government relations to mitigate risk by developing or revising company policies to comply with new laws.

Legislation monitoring provides information for developing strategic communications campaigns with government officials and public relations campaigns to the public. Up-to-date legislative information also allows government relations to become aware of government funding opportunities, such as grants or loans a company can use to help finance the development of new products, build or update facilities, or enter new markets.

In the government relations sector, Legislation Monitor offers coverage on taxes, public funding/subsidies, energy, human resources, supply chain management, environmental impact, and other topics.

Human Resources Management

Legislation plays a profound role in human resources operations. National and state legislation affects hiring practices, worker training and development, employee benefits, privacy, wages, hours of work, and workplace safety.

Major legislation that affects HR activities includes the Age Discrimination and Employment Act, the Civil Rights Act, and the Americans with Disabilities Act. These acts have an impact on hiring practices. A company’s wages and working hours must comply with the Fair Labor Standards Act, while the Health Insurance Portability and Accountability Act influences employee privacy policies.

The Occupational Safety and Health Act oversees workplace safety and impacts nearly all company operations, from offices to factory floors and distribution centers. The human resources team needs to account for changes and revisions to this act.

Legislation Monitor covers changes to laws affecting human resources, healthcare insurance, workforce training, and diversity, equity, and inclusion.

Product Development and R&D Leaders

Legislative changes can profoundly impact product development and Research and Development (R&D). Evolving environmental, health, and safety laws require designers to create products that meet current and projected requirements, which can prevent costly recalls and redesigns. Intellectual property laws protect new products and designs with patents and copyrights.

Federal and state laws also encourage R&D activities, providing tax credits for R&D expenditures and funding and grants for product development and R&D activities.

Legislation Monitor provides the product development and R&D groups with coverage on legislative updates in areas including taxes, public funding/subsidies, patents, sustainability, and environmental impact legislation.

Supply Chain Management

A wide range of legislation affects and influences supply chain operations. This includes environmental laws that ban or restrict certain materials, waste management laws, and hazardous materials laws that can affect an entire supply chain. These laws also influence companies to work with suppliers that comply with environmental laws.

Trade laws, including tariffs and import/export legislation, can affect the availability and cost of materials and can result in supply chain disruptions. Labor laws affect the selection of suppliers to those that comply with local and U.S. labor laws.

Liability laws can influence companies to create robust systems to track materials throughout the supply chain. Consumer protection laws can dictate that companies select materials that meet rigorous safety standards.

Supply chain management topics in Legislation Monitor include import/export, tariffs, sustainability, environmental impact, bans and restrictions, packaging and labels, and logistics and transportation.

Stay Ahead of Legislative Changes with Legislation Monitor

Don’t get blindsided by unexpected new laws when Legislation Monitor from Industry Intelligence makes it easy to track important legislative changes. It offers weekly updates on all state and federal legislation in the United States that affects your industry.

Written for busy business professionals, Legislation Monitor provides accurate, up-to-date information on legislative developments free of technical jargon. It features comprehensive insights into bills, bill history, and sponsor tracking information, along with AI-powered legislative summaries and connections to related news, expert analysis, and discussions.

Try our interactive demo of Legislation Monitor at https://info.industryintel.com/market-intelligence-legislation-monitor.