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Chamber of Commerce has three-pronged approach to deregulation

Oct. 21, 2013 at 4:23 PM   |   Comments

WASHINGTON, Oct. 21 (UPI) -- The U.S. Chamber of Commerce said Monday it has a three-prong approach to combat what it says is an arduous amount of regulation by the Obama administration.

The national business lobby will take its fight to Congress, federal agencies and, when necessary, the courts, Chamber of Commerce President Tom Donohue said at a Christian Science Monitor breakfast.

"We've got to move on this very quickly before it consumes us," Donohue said, noting the regulation issue was a top priority for the chamber. "We need regulation in this country -- any orderly society does -- but when regulation becomes bigger than the thing we're trying to regulate, it gets really worrisome."

Business groups have complained about the number of rules from federal agencies, saying they drive up the cost of doing business in the United States and stifle economic growth, The Hill reported. Many of the regulations are tied to federal laws, such as the Affordable Care Act -- aka Obamacare -- and Dodd-Frank Wall Street reform law, two landmark laws that by themselves require hundreds of new federal rules.

"Obamacare is a prime example of regulation amok," Donohue said, adding that opponents should try to change the law where it isn't working as intended.

Donohue said the Chamber of Commerce would work with Congress to advance legislation "to restore balance and sanity" to the rule-making process without discussing specific legislation.

He said the organization would still work through formal channels at agencies to influence the language of final regulations.

"And when all else fails: Sue 'em." Donohue said. "The chamber will not hesitate to take the fight to the courts."

Topics: Barack Obama
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