Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
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
Washington – Business Roundtable today praised the inclusion of important corporate governance provisions in the Financial CHOICE Act, citing the legislation’s House passage as an example of regulatory reform designed to make the U.S. business climate more competitive.
John Hayes, Chairman, President and Chief Executive Officer of Ball Corporation and Chair of the Business Roundtable Corporate Governance Committee, issued the following statement following the House vote:
Business Roundtable commends the Administration for its commitment to creating an investment climate conducive to economic growth and the accelerated creation of high-quality jobs. EPA’s request for comments to inform the deliberations of its Regulatory Reform Task Force is one of a series of important actions by the Administration to implement its regulatory reform agenda.
Businesses commonly find themselves subject to two or more regulatory agencies exercising concurrent jurisdiction over a single issue. This problem is prevalent throughout government, as we document in the attached, which identifies specific examples of problematic agency duplication.
In a letter to the White House, Business Roundtable says the Administration can speed infrastructure permitting by using provisions of an existing law, FAST-41.
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.