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.
Overly complex and costly federal regulations are holding America’s economy back, throttling business investment and slowing job growth. In fact, more than half of Business Roundtable CEOs say that pending regulations will negatively affect their hiring and capital spending in the short term. In the long term, almost two-thirds believe they will be negatively affected.
Business Roundtable supports legislative and administrative actions that would make the federal regulatory process more transparent and open to public engagement, improve the quality of information used in the rulemaking process, require more objective cost-benefit analysis, extend that requirement to so-called independent agencies, and modernize the federal permitting process.
Making the federal regulatory system more efficient and effective will reduce the economic burden of regulation while protecting health, safety and environmental quality.
Recent Activities in Smart Regulation
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 (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.
Today’s increase in the unemployment rate underscores the need for dramatic action to break down barriers to job creation.
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).
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.