Smart Regulation | Page 6 | 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

Letter to Representatives Bachus and Cohen on the RAPID Act

On behalf of the CEO members of Business Roundtable, who lead major U.S. companies with more than $7.3 trillion in annual revenues and nearly 16 million employees, I write to express strong support for the Responsibly and Professionally Invigorating Devel

BRT Letter Supporting Swaps Jurisdiction Certainty Act

Business Roundtable urges support for H.R. 1256, the "Swaps Jurisdiction Certainty Act," which the House of Representatives is scheduled to take up today.

America’s Business Leaders Welcome Bipartisan, Bicameral ‘Smart Regulation’ Bills

Business Roundtable today commended the introduction of the Regulatory Accountability Act of 2013 by Sens. Mark Pryor (D-AR), Rob Portman (R-OH), Bill Nelson (D-FL), Susan Collins (R-ME), Joe Manchin (D-WV), Kelly Ayotte (R-NH), Angus King (I-ME), Mike Johanns (R-NE) and John Cornyn (R-TX), and the introduction of companion legislation in the House of Representatives by Reps. Bob Goodlatte (R-VA), Colin Peterson (D-MN), Spencer Bachus (R-AL), William Owens (D-NY), Lamar Smith (R-TX), Kurt Schrader (D-OR) and Howard Coble (R-NC).

It’s Time to Act for America’s Future: 2013 CEO Growth Agenda

BRT's 2013 CEO Growth Agenda outlines a two-pronged approach for rebuilding confidence, reducing uncertainty, and unlocking business investment and job creation through the adoption of sound public policies.

Billion-dollar regs, six-toed cats and arroyos

In the Business Roundtable's last CEO Quarterly Economic Outlook, CEOs identified regulation as a major cost pressure.

BRT CEOs Letter to the President on the Need to Avoid the Fiscal Cliff

We write to express our belief that the United States will suffer significant negative economic, employment, and social consequences for going over the fiscal cliff.

BRT CEOs Letter to Congress on the Need to Avoid the Fiscal Cliff

We write to express our belief that the United States will suffer significant negative economic, employment, and social consequences for going over the fiscal cliff.

Call Transcript to Announce the BRT CEOs Letter on the Need to Avoid the Fiscal Cliff

We have come to express our belief that the United States will suffer significant negative economic, employment, and social consequences for going over the fiscal cliff.

Letter to Senate Committee on Banking, Housing and Urban Affairs Re: Basel III: Impact of Proposed Capital Rules

As the Senate Committee holds a hearing titled, Oversight of Basel III: Impact of Proposed Capital Rules, our organizations would like to draw your attention to the unintended consequences of Basel III upon non-financial businesses.

Letter to Director Richard Cordray Re: Ability-to-Repay Proposed Rule, Docket No. R-1417 and RIN No. 7100-AD75

Although the formal comment period for the proposed rule has ended,1 we nonetheless write to share our views on the definition of “Qualified Mortgage” (QM) in the forthcoming “ability-to-repay” final rule.

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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