Smart Regulation | Page 9 | 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.

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.

Taking Action for America: Smarter Regulation

A nation’s regulatory system is one of the most telling indicators of its business environment. On the one hand, smart regulations that clarify the “rules of the road” and are in line with broad societal values over multiple election cycles can provide an environment of stability, inspire business confidence and accelerate investment. On the other hand, regulations that create uncertainty and reflect shortsighted political interests can impose unproductive cost burdens on businesses and consumers, undermine confidence, and delay investment. The key distinction, therefore, is not the quantity of regulations but the effectiveness and efficiency of regulations as well as the balance between their costs and intended benefits.

BRT's John Engler, former Gov. Howard Dean on infrastructure

Business Roundtable President John Engler, the former governor of Michigan, and Howard Dean, former governor of Vermont and Democratic national chairman, saw eye-to-eye on at least one topic today at a conference sponsored by Governing Magazine -- infrastructure.

Fix the Volcker Rule

From Reuters: "The controversial ban on banks' proprietary trading known as the Volcker rule has big vulnerabilities and should be reproposed, or face possible legal challenges, a prominent Washington attorney said on Tuesday."

Model Legislation: Government Reorganization and Realignment Act

The following is model legislation – The Government Reorganization and Realignment Act – prepared by Business Roundtable to authorize a broader, more comprehensive reorganization of the federal government. Meaningful reorganization and realignment of federal agencies cannot be accomplished unless the Congress grants the President authority to consolidate and reorganize Executive Branch agencies.

Letter to Congressional Leadership on Government Reorganization and Realignment

CEOs often have to eliminate inefficiencies and redeploy resources to respond to changing circumstances – and they have the authority to do so. The President should have the same authority that CEOs and many governors have.

Uncertainty's impact on health-care's success stories

Recent reports reveal that regulatory uncertainty is discouraging investment in two of America's great engines of economic growth, jobs and health -- the biomedical industry and medical devices. No surprise, really.

America’s CEOs Welcome House Passage of ‘Smarter Regulation’ Bill

Business Roundtable (BRT) today lauded the U.S. House of Representatives for passing, H.R. 3010, the Regulatory Accountability Act, which incorporates many of the solutions for reform offered in BRT’s Achieving Smarter Regulation report released in September.

BRT Letter on Regulatory Reform to Representatives Smith and Peterson

We believe the country can achieve its statutory objectives at less cost through a process we call “smarter regulation.”

Keystone and hydrofracking: Energy delayed is energy denied (perhaps)

The National Journal's Energy and Environment Blog is running a series of posts from a panel of experts examining the question, "Was President Obama right or wrong to delay the Keystone XL oil pipeline?" Business Roundtable President John Engler concludes it was the wrong decision, one that will have a serious impact on jobs and energy security.

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Committee Priorities

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
Business Roundtable CEOs have identified 32 different existing, pending or proposed regulations or policies that may impose significant costs on the economy and unnecessary burdens on business. 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