Nearly Three-Quarters of Business Roundtable Members List Regulations as one of the Top Three Cost Pressures Facing their Businesses
Today, Business Roundtable submitted a statement for the record to the U.S. Senate Committee on Homeland Security and Government Affairs, Subcommittee on the Efficiency and Effectiveness of Federal Programs and the Federal Workforce hearing on smart regulation, titled “A More Efficient And Effective Government: Improving the Regulatory Framework.”
The Business Roundtable CEOs:
- Call for greater and earlier public engagement in the regulatory process, better quality information, more objective cost-benefit analysis and completing the notice and comment process;
- Propose reforms that are substantially in agreement with the recommendations of the President’s Council on Jobs and Competitiveness (Jobs Council);
- Advocate a streamlined federal permitting process, which is supported by building trades unions and other broad-based business groups; and
- Call for new processes and procedures for conducting retrospective reviews of out-of-date and unnecessary rules.
As part of a 2014 growth agenda that includes expanding trade, restoring fiscal stability and reforming America’s tax and immigration systems, Business Roundtable member companies believe that a smarter regulatory system and a more streamlined federal permitting process will help drive increased business investment, economic growth and job creation.
Learn about Business Roundtable’s recommendations to address costly, counterproductive U.S. regulations in its report, Achieving Smarter Regulation, and proposals for streamlining the federal permitting process in the report, Permitting Jobs and Business Investment: Streamlining the Federal Permitting Process. Read Business Roundtable’s previous statements in support of the Regulatory Accountability Act and ALERRT Act.