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
As part of a 2014 growth agenda that includes expanding trade, restoring fiscal stability and reforming America’s tax and immigration systems, Business Roundtable member companies believe passage of the Achieving Less Excess in Regulation and Requiring Transparency Act of 2014 (H.R. 2804) – the ALERRT Act – would help create a regulatory environment that is more conducive to increased economic growth and job creation.
Business Roundtable strongly supports the Water Resources Reform and Development Act (WRRDA) reauthorization, which includes provisions to expedite federal permitting for water resources projects.
Business Roundtable applauds the passage of the Water Resources Reform and Development Act (H.R. 3080) by the U.S. House of Representatives, which includes provisions to expedite federal permitting for water resources projects. The U.S. Senate passed similar legislation, S. 601, on May 15, 2013, by a vote of 83 to 14.
Business Roundtable's comments on passage of the Water Resources Reform and Development Act (H.R. 3080) by the U.S. House of Representatives. The bill would expedite federal permitting for water resources projects. The U.S. Senate passed similar legislation, S. 601, on May 15, 2013, by a vote of 83 to 14.
This op-ed by Smart Regulation Chairman Andrew Liveris appeared on Harvard Law School Forum on Corporate Governance and Financial Regulation.