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Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

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The Honorable Jeb Hensarling
Committee on Financial Services
U.S. House of Representatives 
Washington, DC  20515
The Honorable Maxine Waters
Ranking Member
Committee on Financial Services
U.S. House of Representatives

The undersigned organizations urge the conference committee to reject section 830 of the Senate-passed version of H.R. 2810, the “National Defense Authorization Act for Fiscal Year 2018,” that would effectively reinstate a version of the recently overturned regulations that implemented President Obama’s “Fair Pay and Safe Workplaces” (FPSW) Executive Order.

Business Roundtable supports the Proposed Rule published by the Environmental Protection Agency (the Agency) and the U.S. Army Corps of Engineers on July 27, 20171 to rescind the 2015 Clean Water Rule (the 2015 Rule) and restore the regulatory text defining the term “waters of the United States” as it existed prior to the 2015 Rule. This action is a prudent first step in the process by which the Agency and the U.S. Army Corps of Engineers will reconsider the “waters of the United States” definition.

On behalf of Business Roundtable, I appreciate the opportunity to reply to the U.S. Department of Labor’s (DOL) Request for Information (RFI) related to “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees.”

The nation’s tax system is in urgent need of reform to boost economic growth, increase global competitiveness for American companies, and bring about meaningful improvements in the incomes of American families through higher wages and more American jobs.

The Business Roundtable CEO Economic Outlook Index stood at 94.5 for the third quarter of 2017, edging up from 93.9 in the second quarter.

On behalf of the CEO members of Business Roundtable, I am writing to express our support for the Modernizing Government Technology (MGT) Act of 2017 (S. 990) and request that you include the MGT Act as part of the National Defense Authorization Act (NDAA) for Fiscal Year 2018 (S. 1519).

On behalf of the CEO members of Business Roundtable, we appreciate the opportunity to provide our comments on the Core Principles for Regulating the U.S. Financial System outlined in Executive Order 13772.

The United States needs sound immigration policies that provide strong border security while also promoting economic growth, supporting U.S. job creation and boosting American competitiveness.

As the nation’s largest business organizations—representing companies of every size, sector, and state in the union—we write to affirm the critical importance we ascribe to retaining strong investment protections and investor-state dispute settlement (ISDS) in the negotiations to modernize the North American Free Trade Agreement (NAFTA).

August 16, 2017

The United States Has a Real Economic Stake in Negotiations to Modernize NAFTA


For more than two decades, NAFTA has supported jobs and the economy in the United States. Successful negotiations to update NAFTA should expand on, not diminish, the many benefits this U.S. trade agreement has already created.

We write today to highlight an important issue to all of our organizations—the tax treatment of offshore earnings in moving to a territorial tax system. Specifically, we ask that the transition to a territorial system include a two-rate approach in taxing foreign earnings that distinguishes between short-term cash reserves and income reinvested in other assets.