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White House seeks input on regulations

July 12, 2010 at 1:26 PM   |   Comments

WASHINGTON, July 12 (UPI) -- The Business Roundtable in Washington has forwarded a 54-page report to the White House on business regulations it finds especially onerous or redundant.

The White House has been seeking input from businesses on regulations and asked for the report, which showed businesses concerned with Federal Communications Commission regulations of the broadband Internet, Environmental Protection Agency control of greenhouse gases and on increased taxes on foreign divisions of their business, The Wall Street Journal reported Monday.

The report included concerns on new rules for derivatives trading and restrictions on offshore oil drilling, the newspaper said.

Stan Anderson, executive director of the U.S. Chamber of Commerce, said businesses were concerned with "the unbelievable amount of new regulation that is in the pipeline."

The Obama administration, without making promises, is soliciting the feedback. "The president has said that he is interested and open to the business community's perspectives on examining regulations," said White House Chief of Staff Rahm Emanuel.

"But a lot of important equities need to be weighed against each other, such as the health and safety of the American people -- and no one interest outweighs another," he said.

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