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
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.
Business Roundtable (BRT) President John Engler told an American Bar Association (ABA) gathering today that America's CEOs are increasingly concerned about the cumulative effects of federal regulations that discourage business investment, slow job creation and harm economic growth. Pragmatic reforms that BRT has offered to the Obama Administration and Congress would bring balance and efficiency to the regulatory process to meet regulatory goals without unduly burdening business.