The Business Roundtable letter to Reps. Smith, Conyers on the need to adopt regulations that are effective and efficient, and strike an appropriate balance between costs and benefits
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.
Last updated August 16, 2016
Recent Activities in Smart Regulation
BRT supports legislation allowing the President to expand coverage of his executive order on regulatory review to independent regulatory agencies.
For BRT, Gasster will oversee a variety of policy and regulatory initiatives as they relate to cyber security and the Internet, permitting, energy production, health care coverage, labor, transportation and transparency, among other issues.
First, in our view, there should be little doubt “that certain kinds of regulations can have adverse effects on job creation,” and we agree that “job creation is an important consideration in regulatory review.”
BRT members have identified the costs and uncertainty associated with increasing federal regulation as a key barrier standing in the way of greater jobs creation.