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Business Roundtable Statement on the Benefits of Increasing Transparency in the Regulatory Process

Washington – Business Roundtable (BRT), an association of business leaders representing every sector of the economy, today commented on the introduction of the All Economic Regulations are Transparent Act of 2013 (H.R. 2804) – the ALERT Act. The bill, introduced by Representative George Holding, would require the Office of Information and Regulatory Affairs (OIRA) to publish information about pending rules and regulations online.

Andrew Liveris, President, Chairman and CEO of The Dow Chemical Company, and Chair of the Business Roundtable Select Committee on Smart Regulation, released the following statement:

“The members of Business Roundtable, who lead major American companies operating in every sector of the economy, applaud the introduction of the ALERT Act. As advocates of smart regulation, the CEOs of Business Roundtable know that an open and transparent regulatory process helps lead to science-based, objective regulations. The online publication of information about regulations and related cost-benefit studies will make the regulatory process more transparent and help the public engage earlier and more effectively with the regulatory process.”

The Business Roundtable has also expressed support for H.R. 2122, The Regulatory Accountability Act of 2013, and H.R. 2641, The Responsibly and Professionally Invigorating Development (RAPID) Act of 2013.