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.
Overly complex and costly federal regulations are holding America’s economy back, throttling business investment and slowing job growth. In fact, more than half of Business Roundtable CEOs say that pending regulations will negatively affect their hiring and capital spending in the short term. In the long term, almost two-thirds believe they will be negatively affected.
Business Roundtable supports legislative and administrative actions that would make the federal regulatory process more transparent and open to public engagement, improve the quality of information used in the rulemaking process, require more objective cost-benefit analysis, extend that requirement to so-called independent agencies, and modernize the federal permitting process.
Making the federal regulatory system more efficient and effective will reduce the economic burden of regulation while protecting health, safety and environmental quality.
Recent Activities in Smart Regulation
This afternoon, I want to highlight the private sector's views on federal regulation by sharing the perspectives of the more than CEOs who comprise the Business Roundtable….and it’s no surprise, their companies are highly regulated.
Business Roundtable today urged the Obama Administration and Congress to act swiftly on comprehensive reforms to streamline the federal permitting process, expedite the permitting of major projects and put Americans back to work.
The BRT report, “Permitting Jobs and Business Investment: Streamlining the Federal Permitting Process,” lays out a roadmap to streamline the federal permitting process and unleash the jobs- and growth-creating potential of major, ready-to-build U.S. industrial projects.
The CEOs of Business Roundtable believe that it is time to simplify, streamline and accelerate America’s permitting process with the goal of encouraging large-scale capital investments in the U.S. economy while maintaining the nation’s commitments to health, safety and soundness. With this goal in mind, this report identifies key challenges associated with the existing regulatory permitting system and sets forth a series of recommended reforms.
The Coalition for Derivatives End-Users today applauded the U.S. House of Representatives for passing meaningful amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect companies that use derivatives to manage business risk, while more effectively focusing new regulations on the systemic risks the law was intended to address.