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
BRT CEOs support passage of the bipartisan Federal Permitting Improvement Act of 2015, S. 280 – introduced by Senators Portman and McCaskill – a bill that would address the current complex federal permitting process.
We are writing to express opposition to using Title II of the 1934 Communications Act as the principal basis for FCC action to maintain an open Internet .
Today, Business Roundtable submitted a statement for the record to the U.S. Senate Committee on Homeland Security and Government Affairs, Subcommittee on the Efficiency and Effectiveness of Federal Programs and the Federal Workforce hearing on smart regulation, titled “A More Efficient And Effective Government: Improving the Regulatory Framework.”
Business Roundtable, an association of chief executive officers who lead companies that operate in every sector of the U.S. economy, appreciates the opportunity to submit this statement for consideration by the Subcommittee on the Efficiency and Effectiveness of Federal Programs and the Federal Workforce. Our statement makes the case for a smarter regulatory system and a streamlined federal permitting process.
On behalf of the more than 200 CEO members of Business Roundtable, who lead companies that operate in every sector of the U.S. economy, we applaud the Subcommittee for holding an important hearing on smart regulation titled, “A More Efficient And Effective Government: Improving the Regulatory Framework.”