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.
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.
Last updated August 16, 2016
Recent Activities in Smart Regulation
The Regulatory Accountability Act of 2017 would make the U.S. regulatory system more transparent, accountable and effective.
Expanded ‘Dashboard,’ New Guidance for Agencies after 30 Years Will Improve Federal Permitting
[We] wanted to share these top-level concerns with you directly in anticipation of our next opportunity to discuss them and other regulations of concern. Building on our recent TPA victory, we look forward to working together to find even more solutions that keep America moving forward.
On July 16, the Subcommittee held a hearing entitled, “Reviewing the Office of Information and Regulatory Affairs’ Role in the Regulatory Process.” Business Roundtable members have developed recommendations to improve the federal regulatory system, many of which are within the discretion of the President and, therefore, OIRA.