America’s business leaders welcome President Trump’s directive requiring federal agencies to roll up their sleeves and identify existing regulations for reform or elimination.
Overly complex and costly federal regulations are holding America’s economy back, throttling business investment and slowing job growth. In fact, more than half of Business Roundtable CEOs say that pending regulations will negatively affect their hiring and capital spending in the short term. In the long term, almost two-thirds believe they will be negatively affected.
Business Roundtable supports legislative and administrative actions that would make the federal regulatory process more transparent and open to public engagement, improve the quality of information used in the rulemaking process, require more objective cost-benefit analysis, extend that requirement to so-called independent agencies, and modernize the federal permitting process.
Making the federal regulatory system more efficient and effective will reduce the economic burden of regulation while protecting health, safety and environmental quality.
Recent Activities in Smart Regulation
Business Roundtable delivered a letter to the White House underscoring the “Top Regulations of Concern” identified by CEOs.
Business Roundtable delivered a letter to the White House underscoring the “Top Regulations of Concern” identified by CEOs along with recommendations for minimizing their economic impact.
America’s business leaders welcome House passage of the Regulatory Accountability Act of 2017 because it will help accelerate job creation, while making the U.S. regulatory system more transparent, accountable and effective.
The Regulatory Accountability Act of 2017 would make the U.S. regulatory system more transparent, accountable and effective.