Chamber insists on Congress to study & reform regulatory system
14 Jul '06
2 min read
US Chamber of Commerce announces lawmakers must examine and reform the government's costly and burdensome regulatory system to ensure the continued success of small businesses and the overall economy, according to testimony submitted before the House Subcommittee on Regulatory Reform and Oversight by William Kovacs, U.S. Chamber vice president for Environment, Technology and Regulatory Reform.
The Chamber estimates the cost of federal regulations to the public to be in excess of $1 trillion. Kovacs called for implementation of a periodic review of regulatory requirements to ease the burden of compliance on America's small and mid-sized businesses and make the system more transparent through an effective enforcement mechanism.
The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses of all sizes, sectors, and regions.
It includes hundreds of associations, thousands of local chambers, and more than 100 American Chambers of Commerce in 91 countries.
Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of America provides a voice of experience and influence in Washington, and around the globe.
It core mission is to fight for business and free enterprise before Congress, the White House, regulatory agencies, the courts, the court of publicopinion, and governments around the world.
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