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.

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

A Smarter Approach to Regulation

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.

While some of the listed regulations in isolation may not appear significant to growth, their cumulative effect has drained resources from innovation and job creation and directed them to non-value adding administrative and bureaucratic activities.

In February, 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.

Letter to the White House

Key Stats on Smart Regulation

Whether it be in the context of private enterprise or public policy, Business Roundtable CEOs believe that sound decisions must be grounded in the facts.  Our commitment to evidence-based, data-driven decision making is embodied in the Business Roundtable Data Monitors — a suite of executive-style dashboards that illustrate key data points and trends in various areas of public policy.

Business Leaders Welcome House Action on Smart Regulatory Improvement

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.

Business Roundtable Supports H.R. 5, Regulatory Accountability Act

The Regulatory Accountability Act of 2017 would make the U.S. regulatory system more transparent, accountable and effective.

Administration’s ‘Blacklisting’ Rules Drive up Costs, Burdens in Federal Contracting

A new “blacklisting” rule from the Department of Labor represents yet another regulatory overreach by the executive branch, bypassing Congress to multiply paperwork and costs for federal contractors – and by extension, the U.S. taxpayer.

A Strong Bipartisan Case for Improving Regulations

When a number of U.S. Senators began looking for ways to boost economic growth while making the federal government more efficient, they identified a promising area for bipartisan action: regulation.

Members of Congress have debated scores of regulatory reform bills over the years – many with great merit – and a few ideas have now come to the fore as both effective and doable. They form the heart of the Regulatory Improvement Act¸ a discussion draft in the Senate that embraces well-known, bipartisan proposals.

BRT: White House Plan to Speed Infrastructure a Positive Step

Expanded ‘Dashboard,’ New Guidance for Agencies after 30 Years Will Improve Federal Permitting

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.

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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