The Honorable Lamar S. Smith
Chairman
Committee on the Judiciary
U.S. House of Representatives
Washington, DC 20515
Chairman
Committee on the Judiciary
U.S. House of Representatives
Washington, DC 20515
On behalf of the Business Roundtable (BRT), an association of chief executive officers of leading U.S. companies, I want to thank you for holding a legislative hearing on H.R. 3010, the Regulatory Accountability Act, which you introduced. We ask that you include this letter in the hearing record.
Federal regulation has achieved substantial benefits, but it has done so at a high cost. We believe that the country can achieve its statutory objectives at less cost through a process we call “smarter regulation,” which is based on several principles:
- early engagement of regulators with the public,
- the use of quality information,
- objective analysis of regulatory impact,
- 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.businessroundtable.org).
These principles of smarter regulation are reflected in your bill, and therefore we believe Congress ought to use your bill as the legislative vehicle to advance regulatory reform.
We urge the Committee to report this bill at the earliest opportunity, and to bring this bill to the floor of the House of Representatives.
Sincerely,
Andrew N. Liveris
Chairman & CEO, The Dow Chemical Company
Chair, Business Roundtable, Regulatory Reform Committee