The Food and Drug Administration (FDA) is extending the compliance date to May 7, 2018, for the final rule requiring disclosure of certain nutrition information for standard menu items in certain restaurants and similar retail food establishments. The principal benefit of this interim final rule will be the reduction in costs to covered establishments (i.e., cost savings) associated with extending the compliance date by one year. The principal cost of this interim final rule will be the reduction in benefits to consumers associated with extending the compliance date a year. Extending the compliance date of the “Food Labeling: Nutrition Labeling of Standard Menu Items in Restaurants and Similar Retail Food Establishments” final rule by one year reduces the annualized net benefits (discounted at 3 percent) approximately 1 percent, from $506 million to $501 million. While average annualized net benefits decrease by $5 million, they are still positive.
Regulatory Impact Analysis
Food Labeling; Nutrition Labeling of Standard Menu Items in Restaurants and Similar Retail Food Establishments; Extension of Compliance Date and Request for Comments (Interim Final Rule) (PDF - 376KB)
Federal Register: 82 FR 20825, May 4, 2017