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| U.S. Chamber Action |
| Stand Up for Free Enterprise |
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| Chamber CEO: Cut Red Tape to Empower Americans |
| Washington has an opportunity to reduce government micromanagement of business decisions. |
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U.S. Chamber President and CEO Suzanne P. Clark makes the case in The Wall Street Journal that Washington has a historic opportunity to reduce government micromanagement of business decisions.
Why it matters: “The Biden administration has implemented new rules that will ultimately cost the economy a total of $1.4 trillion, according to a report by the American Action Forum,” Clark wrote. “Business owners and leaders in every industry feel the pain of bureaucratic micromanagement. Consumers and employees experience it in the form of higher prices, lower wages, and fewer jobs.”
Roadmap: Here's what the next Congress and the new administration can do to stop the government from micromanaging business decisions:
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- The Congressional Review Act gives Congress power to overturn agency rules. "While in office, Mr. Trump and the Republican Congress used it on 16 rules. This time, there will be more than 56 regulatory actions recent enough to be repealed," wrote Clark.
- The Administration may need to review and update the way they make rules for some regulations. “The Trump team was successful at this during its first term, but it will be harder this time given the sheer quantity of rules,” Clark wrote. “The new administration will need to prioritize those that are hindering growth.”
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| “We now have the biggest opportunity to cut regulatory red tape in more than 40 years.” |
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| Suzanne P. Clark |
| U.S. Chamber of Commerce President and CEO (source) |
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Chamber in action: Federal agencies have made aggressive policy changes through regulation under the Biden Administration without input from Congress. The Chamber has effectively used its legal expertise to successfully challenge them.
- "We secured a recent victory against the Federal Trade Commission’s ban on noncompete agreements, and we have lawsuits pending against the Securities and Exchange Commission’s climate disclosure rule, the Consumer Financial Protection Bureau’s credit-card late-fee rule and others,” Clark wrote.
Bottom line: “Deregulation rips economic power out of the hands of those who didn’t earn it and don’t know how to wield it,” Clark wrote. “It gives power back to consumers, workers, and business leaders.”
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| STAND UP FOR FREE ENTERPRISE |
| Your voice is essential, and your participation is critical. |
American free enterprise is under threat from those who want to replace it. If they succeed, it could limit your potential, stifle growth, and undermine our future.
Please share this email with five friends or colleagues to learn how you can help us defend free enterprise. |
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