On July 16, the Subcommittee held a hearing entitled, “Reviewing the Office of Information and Regulatory Affairs’ Role in the Regulatory Process.” Business Roundtable members have developed recommendations to improve the federal regulatory system, many of which are within the discretion of the President and, therefore, OIRA.
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Business Roundtable, an association of chief executive officers who lead companies that operate in every sector of the U.S. economy, appreciates the opportunity to submit this statement for consideration by the Subcommittee on the Efficiency and Effectiveness of Federal Programs and the Federal Workforce.
First, in our view, there should be little doubt “that certain kinds of regulations can have adverse effects on job creation,” and we agree that “job creation is an important consideration in regulatory review.”
This afternoon, I want to highlight the private sector's views on federal regulation by sharing the perspectives of the more than CEOs who comprise the Business Roundtable….and it’s no surprise, their companies are highly regulated.
March 21, 2012
In these times of economic fragility and spiraling deficits, it is vital that the federal government work to increase accountability and trim excess. It also must provide smarter and better services for the American people and America’s businesses.