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
Addressing the multitude of new and existing regulatory requirements burdening America’s job creating businesses is one of Business Roundtable’s most important objectives.
America is experiencing a dramatic increase in government regulation, with the most significant growth in the environmental, health, and safety areas.
The U.S. Environmental Protection Agency (EPA) is beginning a new periodic retrospective review of our existing significant regulations, to determine whether any such regulations should be modified, streamlined, expanded, or repealed, so as to make the Agency’s regulatory program more effective or less burdensome in achieving the regulatory objectives.