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BRT Letter on Regulatory Reform to Representatives Smith and Peterson

The Honorable Lamar Smith
U.S. House of Representatives
Washington, DC 20515
 
The Honorable Collin Peterson
U.S. House of Representatives
Washington, DC 20515
 
Dear Representatives Smith and Peterson:
 
On behalf of the Business Roundtable, an association of chief executive officers of leading U.S. companies, I want to express support for your leadership on regulatory reform.
 
Regulation has provided substantial benefits to the country, but it has done so at a high cost. We believe the country can achieve its statutory objectives at less cost through a process we call “smarter regulation.” Smarter regulation is based on several principles, including early engagement of regulators with the public, the use of quality information, objective analysis of regulatory alternatives, consideration of costs and benefits, expert oversight, and legislative accountability. Each principle is described in greater detail in our document, Achieving Smarter Regulation, which can be found on our website (www.businessrountable.org).
 
These principles of smarter regulation are reflected in H.R. 3010, the Regulatory Accountability Act. We urge the House of Representatives to advance regulatory reform by passing this bill.
 
Sincerely,
 
Andrew N. Liveris
Chairman & CEO, The Dow Chemical Company
Chair, Regulatory Reform Committee, Business Roundtable

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