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
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.
Business Roundtable's (BRT) comments on the introduction of the All Economic Regulations are Transparent Act of 2013 (H.R. 2804) – the ALERT Act. The bill, introduced by Representative George Holding, would require the Office of Information and Regulatory Affairs (OIRA) to publish information about pending rules and regulations online.
Business Roundtable members support passage of the bipartisan Federal Permitting Improvement Act of 2013 – introduced yesterday by Senators McCaskill and Portman – a bill that would address the current complex federal permitting process.