Smart Regulation | Page 7 | 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

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.

BRT Letter to Office of Information and Regulatory Affairs and Office of Management and Budget

BRT has a long history of concern about regulatory burdens that threaten U.S. competitiveness and impede job creation and economic expansion.

BRT Letter to Hill on “Regulation Nation: The Obama Administration’s Regulatory Expansion vs. Jobs and Economic Recovery”

The Business Roundtable letter to Reps. Smith, Conyers on the need to adopt regulations that are effective and efficient, and strike an appropriate balance between costs and benefits

BRT Letter Supporting S.3468, The Independent Agency Regulatory Analysis Act

BRT supports legislation allowing the President to expand coverage of his executive order on regulatory review to independent regulatory agencies.

Business Roundtable Hires Elizabeth Gasster as Vice President of Information & Technology and Regulatory Reform

For BRT, Gasster will oversee a variety of policy and regulatory initiatives as they relate to cyber security and the Internet, permitting, energy production, health care coverage, labor, transportation and transparency, among other issues.

OMB Comment Request on Employment Effects of Regulation

First, in our view, there should be little doubt “that certain kinds of regulations can have adverse effects on job creation,” and we agree that “job creation is an important consideration in regulatory review.”

A regulation, energy and uncertainty roundup

Nationally syndicated columnist Deroy Murdock writes, "Federal regulators are keeping America from moving forward." Right.

Letter Regarding Business Roundtable Priority Regulations

BRT members have identified the costs and uncertainty associated with increasing federal regulation as a key barrier standing in the way of greater jobs creation.


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