Washington – Business Roundtable today welcomed swift action by the House of Representatives in passing H.R. 5, the Regulatory Accountability Act of 2017.
“America’s business leaders welcome House passage of the Regulatory Accountability Act of 2017 because it will help accelerate job creation, while making the U.S. regulatory system more transparent, accountable and effective. We pledge our full support to see this legislation enacted into law,” said Mark J. Costa, Chairman and Chief Executive Officer, Eastman Chemical Company and Chair of the Business Roundtable Committee on Smart Regulation.
“We are particularly pleased that H.R. 5 includes the previously introduced version of the Regulatory Accountability Act, championed by House Judiciary Committee Chairman Bob Goodlatte (R-VA), the ALERT Act, championed by Representative John Ratcliffe (R-TX), and the Providing Accountability Through Transparency Act, championed by Representative Blaine Luetkemeyer (R-MO). We thank these leaders for their efforts in support of more jobs, more growth and more innovation.”
Business Roundtable CEOs have consistently identified overly complex and burdensome federal regulations as harmful to job creation, job retention and increased economic opportunity for American workers and their families. We support a smarter approach to federal regulation that would engage regulated parties earlier in the process, improve the quality of information used to make regulatory decisions and consistently apply rigorous cost-benefit analysis to major regulatory proposals.
Click here to learn more about the Business Roundtable view on smart regulation.