Smart Regulation | Page 14 | Business Roundtable

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What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.

About BRT

Nearly three-quarters of Business Roundtable CEOs list regulations as one of the top three cost pressures facing their businesses. In a recent survey, 82 percent of Business Roundtable members said that they find the U.S. regulatory system more burdensome than that of other developed countries. Fifty-six percent believe pending regulations will negatively affect their hiring and capital spending over the next two years. And 68 percent indicate that if existing regulatory costs were reduced by 20 percent, the money saved would be invested in increased research and development. These findings are alarming if we want a healthy, growing U.S. economy that provides economic opportunities for all.

Business Roundtable CEOs are not against regulation; rather they are strong advocates for a smarter regulatory system with greater clarity regarding the costs, benefits and cumulative burdens placed on America’s job creators. Regulations must be developed based on the best available science, the application of rigorous cost-benefit analysis, the establishment of realistic timetables and careful consideration of the burdens placed on business.

Business Roundtable CEOs believe that a smarter regulatory system and a modernized federal permitting process will help drive increased business investment, economic growth and job creation.

Top Regulations of Concern

Environmental Protection Agency’s Move on Ozone Recognizes Threat to Jobs, Economy

The decision by the Environmental Protection Agency to seek further delay on its proposed ozone rules tells us the Obama administration recognizes the disastrous consequences that more restrictive ozone regulations would have on the economy and jobs creation.

Business Leaders Urge President Obama to Stay Discretionary EPA Ozone Regulation That Threatens Job Creation, Economic Growth

Business Roundtable, American Petroleum Institute, National Association of Manufacturers, National Federation of Independent Business, American Chemistry Council and the U.S. Chamber of Commerce today sent a letter to President Obama urging him to delay issuing new ozone standards until 2013, when a review of air quality standards is required by law.

Business Group Letter Urging President Obama to Stay Discretionary EPA Ozone Regulation

As associations that represent thousands of American businesses, both large and small, who employ millions of U.S. workers, we are deeply concerned about the harmful impact the EPA’s proposed final rule on ground-level ozone.

Editorial Quick Hits: EPA Rules Bad for Business

On Saturday, The Detroit News highlighted an op-ed from Business Roundtable President John Engler, published last week in The Wall Street Journal.

“Clearing the Air, But at What Cost?”

“Putting stricter federal caps on allowable ozone would be difficult – and expensive – for the Denver metro area.”

President Obama, Don’t Harm American Job Creation and Economic Recovery!

New EPA ozone standard would be ‘single most expensive environmental regulation ever imposed on the U.S. economy’

American Businesses Single Out Proposed EPA Ozone Regulations as Major Threat to Jobs, Economy

Business Roundtable, American Chemistry Council, American Petroleum Institute, National Association of Manufacturers and the U.S. Chamber of Commerce today urged the EPA to delay issuing new ozone standards until 2013, when a review of air quality standards is required by law.

Honeywell CEO Dave Cote Notes Uncertainty in Regulations Hurts Ability for Business to Create Jobs

Honeywell CEO Dave Cote joined Meet the Press on Sunday, July 17 to discuss challenges facing the private sector, including uncertainty of regulation and demand.

View the clip in its entirety on Meet the Press.

New Ozone Regulation Could Cost Nearly $1 Trillion Over Ten Years

In a letter delivered today to President Obama’s Chief of Staff, William Daley, Andrew Liveris, Chairman & CEO of The Dow Chemical Company, writing on behalf of Business Roundtable, said: “…[E]stimated by EPA to cost anywhere between $20 and $90 billion annually…the ozone rule…threatens to seriously impede economic expansion by classifying literally hundreds of counties across the United States as nonattainment for ozone for the first time.”

Pages

Committee Priorities

Business Roundtable conducted a survey of its members to identify regulations that are of most concern across all our business sectors. The majority of these regulations directly and negatively impact economic growth.

Read More
Business Roundtable supports a smarter, more modern approach to regulation that meets regulatory goals while also promoting innovation, economic growth and job creation. Read More
There is widespread, bipartisan agreement – from the President’s Jobs Council to the building trades unions – that improving the federal permitting process will help unlock investment, leading to economic growth and job creation. Read More