Smart Regulation | Page 2 | Business Roundtable

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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.

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

Adopt a Smarter Approach to Regulation

A nation’s regulatory system is one of the most telling indicators of its business environment. 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

Unlock Business Investment: Modernize the Federal Permitting Process

Speeding federal permits will provide the momentum for greater U.S. job creation and growth. 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

BRT Letter on Contractor Reporting Requirements, Overtime Eligibility

[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.

Testimony on Recommendations to Improve the Federal Regulatory System

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.

Letter: Senate Legislation Could Help Achieve 'Smarter Regulation'

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.

Background Paper on Keystone XL Pipeline Project

The proposed Keystone XL pipeline is a new 1,179-mile (875 miles in the U.S.) crude oil pipeline that would begin in Alberta, Canada, and would extend through Saskatchewan, Montana, South Dakota and Nebraska, where it would link up with an already completed southern leg for delivery of oil to the Gulf Coast.

Letter to the President on Trade, Bipartisan Compromise, Economic Growth, and Smarter Regulation

Business Roundtable believes the approach used in the trade debates – collaboration across the political aisle, with economic growth the overriding goal – can serve as an effective model for even more legislative successes this year and next.

Business Leaders Respond to Michigan v. EPA Decision

The Supreme Court upheld a fundamental precept of smart regulation today – that a rigorous cost-benefit analysis is a necessary component of any major regulatory proposal. The ruling establishes an important and valuable precedent for evaluating proposed and pending federal regulations. Requiring agencies to weigh the economic costs of proposed regulations will lead to better rulemaking and fairer outcomes for businesses, workers and families. America’s business leaders applaud the Supreme Court’s affirmation of this bedrock principle.

Senate HSGAC: Modernize Federal Permitting and Say ‘Yes’ to Jobs & Investment

America’s business leaders strongly endorse the Federal Permitting Improvement Act of 2015, S. 280, introduced by Senators Rob Portman (R-OH) and Claire McCaskill (D-MO), which will be marked up Wednesday, May 6 in the Senate Homeland Security and Governmental Affairs Committee (HSGAC).

BRT Letter Identifies Concerns with Regulations, Regulatory Process

Responding to a request from the Senate Homeland Security and Governmental Affairs Committee, Business Roundtable identifies regulations that have an impact on U.S. business and expresses concerns about the federal regulatory process.

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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.

Read More
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