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
Smart regulation is integral to protecting the economy and the American workforce. A smarter regulatory process would provide broad societal value, inspire business confidence and accelerate investment. At present, however, U.S. businesses, both small and large, are increasingly burdened by the cumulative impact of regulations issued under the current process. While each of these rules was well-intentioned, their collective effect has begun to hobble the U.S. economy:
Business Roundtable is pleased to have this opportunity to support H.R. 2122, the Regulatory Accountability Act of 2013.
On behalf of the CEO members of Business Roundtable, who lead major U.S. companies with more than $7.3 trillion in annual revenues and nearly 16 million employees, I write to express strong support for the Responsibly and Professionally Invigorating Devel
Business Roundtable urges support for H.R. 1256, the "Swaps Jurisdiction Certainty Act," which the House of Representatives is scheduled to take up today.
Business Roundtable today commended the introduction of the Regulatory Accountability Act of 2013 by Sens. Mark Pryor (D-AR), Rob Portman (R-OH), Bill Nelson (D-FL), Susan Collins (R-ME), Joe Manchin (D-WV), Kelly Ayotte (R-NH), Angus King (I-ME), Mike Johanns (R-NE) and John Cornyn (R-TX), and the introduction of companion legislation in the House of Representatives by Reps. Bob Goodlatte (R-VA), Colin Peterson (D-MN), Spencer Bachus (R-AL), William Owens (D-NY), Lamar Smith (R-TX), Kurt Schrader (D-OR) and Howard Coble (R-NC).