Smart Regulation Modernizing Regulation

The Trump Administration has taken important strides to modernize federal regulations and reduce costly federal red tape, but much work remains. Business Roundtable CEOs support policies that will increase the efficiency and effectiveness of the federal regulatory system while protecting health, safety and environmental quality.

Leaders in the business and policy communities have grown increasingly concerned about the adverse economic impacts associated with excessive regulation in general and a burdensome permitting process in particular. The CEOs of Business Roundtable believe that it is time to simplify, streamline and accelerate America’s permitting process with the goal of encouraging large-scale capital investments in the U.S. economy while maintaining the nation’s commitments to health, safety and soundness.

The Need for Modernization

Overly burdensome regulations directly and negatively impact economic growth.

Americans spend 11.5 billion man hours yearly on paperwork, and almost all businesses have identified the burdensome, slow and inconsistent permitting process as a significant obstacle to increased investment and economic growth.
While some regulations in isolation may not appear significant to growth, their cumulative effect has drained resources from innovation and job creation.

Congress and the administration should take a smarter, more modern approach to regulation that will meet regulatory goals while also promoting innovation, economic growth and job creation.
Fundamental regulatory process reforms are key to ensuring long-term success.The key distinction is not more versus less regulation but effective versus ineffective regulation.

Congress and the administration should take a smarter, more modern approach to regulation that will meet regulatory goals while also promoting innovation, economic growth and job creation.

Permitting Concerns

Inefficient and complex federal permitting processes continue to delay meaningful projects and investments that will stimulate job creation and economic growth.

Overlapping Agency Jurisdiction

Overlapping agency jurisdiction is creating uncertainty and increasing costs on businesses, communities, and consumers.

Smart Regulation Modernizing Regulation

The Need for Modernization

Overly burdensome regulations directly and negatively impact economic growth.

While some regulations in isolation may not appear significant to growth, their cumulative effect has drained resources from innovation and job creation.

Fundamental regulatory process reforms are key to ensuring long-term success.The key distinction is not more versus less regulation but effective versus ineffective regulation.

Permitting Concerns

Overlapping Agency Jurisdiction