Washington – Business Roundtable (BRT) today strongly endorsed the bipartisan Regulatory Accountability Act of 2011, introduced by Senators Rob Portman (R-OH), Susan Collins (R-ME) and Mark Pryor (D-AR), and Representatives Lamar Smith (R-TX), Collin Peterson (D-MN) and Howard Coble (R-NC). The bill, which embodies many of BRT’s recommendations for regulatory reform, represents a growing awareness and sentiment that we can achieve smarter regulation that meets regulatory goals without stifling job creation and economic growth. BRT joined other major U.S. business organizations in a letter of support for the bill.

“We applaud Senator Portman, Senator Collins, Senator Pryor, Chairman Smith, Representative Peterson and Representative Coble for starting Congress down the path toward smarter regulation,” said Andrew Liveris, Chairman and CEO of The Dow Chemical Company. “America’s business leaders have identified unnecessary and overly prescriptive regulation and the overly burdensome federal regulatory process as major impediments to job creation and growth. The bipartisan Regulatory Accountability Act is a smarter approach to regulation that will meet society’s goals while lessening the economic burden of complex, expensive and often inconsistent rules.” 

“The Regulatory Accountability Act is an important milestone on the road toward meaningful federal regulatory reform,” said John Engler, President of Business Roundtable. “We commend Senator Portman, Senator Collins, Senator Pryor, Chairman Smith, Representative Peterson and Representative Coble for their thoughtful approach to reform. We stand ready to work with them to achieve smarter regulation and put America back to work.”

Click here to for more information on BRT’s agenda for regulatory reform.