Smart Regulation | Page 5 | 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

Bottom Line: Streamlining the Federal Permitting Process Will Spur Job Creation and Growth

Business Roundtable applauds the passage of the Water Resources Reform and Development Act (H.R. 3080) by the U.S. House of Representatives, which includes provisions to expedite federal permitting for water resources projects. The U.S. Senate passed similar legislation, S. 601, on May 15, 2013, by a vote of 83 to 14.

Business Roundtable Statement on House Passage of the Water Resources Reform and Development Act, H.R. 3080

Business Roundtable's comments on passage of the Water Resources Reform and Development Act (H.R. 3080) by the U.S. House of Representatives. The bill would expedite federal permitting for water resources projects. The U.S. Senate passed similar legislation, S. 601, on May 15, 2013, by a vote of 83 to 14.

Smart Regulation: A Worthy and Achievable Goal

This op-ed by Smart Regulation Chairman Andrew Liveris appeared on Harvard Law School Forum on Corporate Governance and Financial Regulation.

Business Roundtable Statement on the Benefits of Increasing Transparency in the Regulatory Process

Business Roundtable's (BRT) comments on the introduction of the All Economic Regulations are Transparent Act of 2013 (H.R. 2804) – the ALERT Act. The bill, introduced by Representative George Holding, would require the Office of Information and Regulatory Affairs (OIRA) to publish information about pending rules and regulations online.

Bottom Line: Unlock Business Investment – Support the Federal Permitting Improvement Act of 2013

Business Roundtable members support passage of the bipartisan Federal Permitting Improvement Act of 2013 – introduced yesterday by Senators McCaskill and Portman – a bill that would address the current complex federal permitting process.

BRT Letter Supporting the 'Federal Permitting Improvement Act'

On behalf of the CEO members of Business Roundtable, I write to express our support for your bill, the Federal Permitting Process Improvement Act of 2013.

Ishrak: Minnesota would benefit from federal tax reform

Read the Op-Ed in the Minneapolis Star Tribune

By Omar Ishrak
Chairman and CEO, Medtronic Inc. and member of the Business Roundtable

In Minnesota this week, the chairmen of the powerful congressional tax-writing committees, Sen. Max Baucus and Rep. Dave Camp, launched their national tour to promote comprehensive tax reform. Minnesota businesses and residents should applaud this initiative, because the time for tax reform is long overdue.

Letter to Representatives Bachus & Cohen on the Regulatory Accountability Act of 2013

Business Roundtable is pleased to have this opportunity to support H.R. 2122, the Regulatory Accountability Act of 2013.

Statement of Business Roundtable Regarding H.R. 2122, the Regulatory Accountability Act of 2013

Smart regulation is integral to protecting the economy and the American workforce. A smarter regulatory process would provide broad societal value, inspire business confidence and accelerate investment. At present, however, U.S. businesses, both small and large, are increasingly burdened by the cumulative impact of regulations issued under the current process. While each of these rules was well-intentioned, their collective effect has begun to hobble the U.S. economy:

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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