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 the Senate Committee holds a hearing titled, Oversight of Basel III: Impact of Proposed Capital Rules, our organizations would like to draw your attention to the unintended consequences of Basel III upon non-financial businesses.
Although the formal comment period for the proposed rule has ended,1 we nonetheless write to share our views on the definition of “Qualified Mortgage” (QM) in the forthcoming “ability-to-repay” final rule.
BRT has a long history of concern about regulatory burdens that threaten U.S. competitiveness and impede job creation and economic expansion.
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
BRT supports legislation allowing the President to expand coverage of his executive order on regulatory review to independent regulatory agencies.