Smart Regulation | Page 15 | 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

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.”

Business Roundtable Details Economic Impact of New Ozone Regulations in Letter to White House

Business Roundtable, an association of chief executive officers of major U.S. companies, today cautioned the Obama Administration against the economic harm that would result from enacting the Environmental Protection Agency’s proposed new ozone standards – “the single most expensive environmental regulation ever imposed on the U.S. economy.”

Letter to Bill Daley on Ozone Regulations

On July 11, the Executive Office of the President received from the Environmental Protection Agency (EPA) a final rule that promises to be the single most expensive environmental regulation ever imposed on the U.S. economy.

Business Roundtable Statement on Introduction of EPA Regulatory Relief Act

New legislation in the U.S. House, the EPA Regulatory Relief Act, is the right approach to forestall excessive, economy-damaging regulation by the Environmental Protection Agency of industrial boilers and incinerators.

Business Roundtable Statement on U.S. Supreme Court’s Ruling on Greenhouse Gas Emissions

Business Roundtable (BRT) today welcomed the U.S. Supreme Court’s unanimous decision that will prevent states and environmental groups from using federal lawsuits to impose limits on greenhouse gas emissions.

Business Roundtable Statement on May Unemployment Figures

Today’s increase in the unemployment rate underscores the need for dramatic action to break down barriers to job creation.

Business Roundtable Statement on House Energy and Commerce Committee Hearing on PPACA’s Effect on Health Coverage and Jobs

Business Roundtable welcomes today’s House Energy and Commerce Committee hearing to examine the impact of the major rules issued by the Department of Health and Human Services under the Patient Protection and Affordable Care Act (PPACA).

Statement on the President’s Initial Regulatory Review

Business Roundtable is encouraged by steps the Administration has taken on President Obama’s plan to create a 21st-century regulatory system and welcomes the planned elimination of several existing rules that have imposed excessive costs, delays and paperwork burdens on businesses.

Business Roundtable Statement on the Republican “Plan for America’s Job Creators”

Business Roundtable welcomes the House Republican ‘Plan for America’s Job Creators: Empowering Families, Small Businesses and Entrepreneurs.’

Business Roundtable Calls on EPA to Modify Boiler Emissions Regulations, Preserve U.S. Competitiveness and Economic Growth

Business Roundtable, an association of CEOs of leading U.S. companies, today strongly urged the U.S. Environmental Protection Agency (EPA) to reexamine the newly promulgated standard – and the maximum achievable control technology (MACT) required to meet that standard – for air emissions from industrial, commercial and institutional boilers.


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