Smart Regulation | Page 3 | 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

Comments on EPA's Proposed Rule on National Ambient Air Quality Standards for Ozone

Business Roundtable has long emphasized the need to carefully weigh the impact of new regulations on economic growth and job creation.

An Improvement America Needs: The Regulatory Improvement Act

Sens. Roy Blunt (R-MO) and Angus King (I-ME) on Wednesday introduced the Regulatory Improvement Act with the support of America’s business leaders. The legislation, S.

Business Roundtable Statement on President’s FY 2016 Budget Proposal

Washington – BRT President John Engler made the following statement today on President Obama’s fiscal year 2016 budget request to Congress: "America’s business leaders encourage the Administration to work with congressional leaders to find common ground on pro-growth tax policies."

Streamlining the Federal Permitting Process Will Unlock Investment & Spur Economic Growth

BRT CEOs support passage of the bipartisan Federal Permitting Improvement Act of 2015, S. 280 – introduced by Senators Portman and McCaskill – a bill that would address the current complex federal permitting process.

From the World Economic Forum, ECB Easing and Much More

Things are looking up! Economically, that is.

Or so suggest interviews from Business Roundtable member CEOs attending the World Economic Forum in Davos, Switzerland. The big news of the day is the European Central Bank's announcement of its quantitative easing plan, which CEOs comment on, as well as offering a wide range of insights, observations and some predictions on other issues.

BRT Letter on FCC Proposal to Reclassify Broadband

We are writing to express opposition to using Title II of the 1934 Communications Act as the principal basis for FCC action to maintain an open Internet .

Making Federal Regulation Smarter: The Regulatory Accountability Act

Well-conceived, science-based regulations can help ensure that businesses retain the capacity to innovate while simultaneously promoting the health and welfare of employees, customers and communities. But overlapping, conflicting and poorly executed regulations can, and do, impose substantial costs on the U.S. economy, sometimes with little or no demonstrable benefit. In fact, for the past three years, Business Roundtable CEOs have cited regulatory costs as the number one cost pressure facing their companies.

Cost-Benefit Analysis Encourages Smarter Regulation, Hiring and Growth

Federal regulations play a key role in helping to ensure that the products we consume are safe, the environment in which we live is adequately protected and the marketplaces in which our businesses operate are fair, open and competitive.

The Right Priority Should be Economic Growth

At a time when economic growth should be first, second and third priority for Washington – and there are some burning foreign policy issues that deserve attention – President Obama is instead targeting companies with additional burdens.

The President signed an executive order requiring companies to disclose labor violations (under the Fair Labor Standards Act) when they seek federal contracts.

The 'Ambitious' Regulatory Agenda

A journalistic trope is to call any new and far-reaching regulation "ambitious." Yet when one speaks of the full panoply of federal regulations, "ambitious" seems somehow underwhelming. What's better? Audacious? Outré? 

Or how about anti-growth?

Pages

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