"We must rein in excessive regulations and reform the regulatory process.
At the federal level alone, regulations already fill 150,000 pages of fine-print text and cost Americans $1.7 trillion a year. Many of these rules are necessary and business strongly supports them.
Yet in recent years, we have seen an unprecedented explosion of new regulatory activity. Furthermore, the administration is likely to turn increasingly to the regulatory agencies now that getting legislation out of Congress could be more difficult.
The resulting regulatory tsunami poses, in our view, the single biggest challenge to jobs, our global competitiveness, and the future of American enterprise."
At the federal level alone, regulations already fill 150,000 pages of fine-print text and cost Americans $1.7 trillion a year. Many of these rules are necessary and business strongly supports them.
Yet in recent years, we have seen an unprecedented explosion of new regulatory activity. Furthermore, the administration is likely to turn increasingly to the regulatory agencies now that getting legislation out of Congress could be more difficult.
The resulting regulatory tsunami poses, in our view, the single biggest challenge to jobs, our global competitiveness, and the future of American enterprise."
U.S. Chamber of Commerce President: Regulatory 'tsunami' threatens economy, supports Obamacare repeal | Washington Examiner
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