Business Roundtable

Washington – “Business Roundtable welcomes President Obama’s action to review regulations to ensure they do not stifle job creation and make our economy less competitive. This is an important change in direction from the Administration.

“Now is the time to restore balance to America’s regulatory framework by closely examining the costs and benefits of all current and future regulations. We must develop a 21st century regulatory system that protects the public interest while restoring U.S. job growth and investment.

“As the President stated this morning, America's free market is ‘the key to our continued global leadership and the success of our people.’ Yet, regulatory burdens facing the U.S. private sector have risen rapidly in recent years, hindering investment and job creation. As we struggle to emerge from a deep recession, dozens of new regulations are being written that would make our nation less competitive.

“Business Roundtable strongly supports weighing the benefits and the costs of all new regulations. We look forward to working with the President and Congress to develop a sound regulatory system that provides proper balance,” said Business Roundtable President John Engler.