Smart Regulation | Business Roundtable

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LeAnne Redick Wilson
Senior Vice President
​lwilson@brt.org

    

What is Business Roundtable

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.

More Than Leaders. Leadership.

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.

About BRT

Nearly three-quarters of Business Roundtable CEOs list regulations as one of the top three cost pressures facing their businesses. In a recent survey, 82 percent of Business Roundtable members said that they find the U.S. regulatory system more burdensome than that of other developed countries. Fifty-six percent believe pending regulations will negatively affect their hiring and capital spending over the next two years. And 68 percent indicate that if existing regulatory costs were reduced by 20 percent, the money saved would be invested in increased research and development. These findings are alarming if we want a healthy, growing U.S. economy that provides economic opportunities for all.

Business Roundtable CEOs are not against regulation; rather they are strong advocates for a smarter regulatory system with greater clarity regarding the costs, benefits and cumulative burdens placed on America’s job creators. Regulations must be developed based on the best available science, the application of rigorous cost-benefit analysis, the establishment of realistic timetables and careful consideration of the burdens placed on business.

Business Roundtable CEOs believe that a smarter regulatory system and a modernized federal permitting process will help drive increased business investment, economic growth and job creation.

Top Regulations of Concern

Comments on “Definition of ‘Waters of the United States’ – Recodification of Pre-Existing Rules” Proposed Rule Environmental Protection Agency Docket ID No. EPA-HQ-OW-2017-0203

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.

Statement on OMB Action on EEO-1

Washington – Business Roundtable today released the following statement from Joshua Bolten, President and CEO, supporting action by the Office of Management and Budget (OMB) regarding the Equal Employment Opportunity Commission’s (EEOC) requirement that employers submit pay data on revised report forms beginning in 2018.

Comment Letter on Identifying and Reducing Tax Regulatory Burdens

The Honorable Steven T. Mnuchin
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC  20220
 
Dear Mr. Secretary:
 

Business Roundtable Statement on Passage of Financial Choice Act

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:

Comments on EPA Regulations that May Be Appropriate for Repeal, Replacement or Modification

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.

BRT Letter to OMB Director Mulvaney on Overlapping Jurisdiction

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.

BRT Letter: Expedite Infrastructure Permitting Through Existing Law

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.

U.S. Business Leaders Applaud President Trump’s Executive Action on Smart Regulatory Improvement

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.

Letter to the White House on Top Regulations of Concern

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.

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Committee Priorities

Business Roundtable conducted a survey of its members to identify regulations that are of most concern across all our business sectors. The majority of these regulations directly and negatively impact economic growth.

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Business Roundtable supports a smarter, more modern approach to regulation that meets regulatory goals while also promoting innovation, economic growth and job creation. Read More
There is widespread, bipartisan agreement – from the President’s Jobs Council to the building trades unions – that improving the federal permitting process will help unlock investment, leading to economic growth and job creation. Read More