Business groups are calling on the Senate to pass legislation curbing costly regulations.
The U.S. Chamber of Commerce on Monday sent a letter to members of the Senate Homeland Security and Government Affairs Committee voicing broad support for the Regulatory Accountability Act of 2015.
“Unfortunately, however, because America’s regulatory process was designed nearly 70 years ago, we are now confronted with a growing number of massive, costly, and complex rules that breed uncertainty and stifle hiring and investment,” they said. “These growing regulatory burdens and the uncertainty caused by badly-written regulations are a fundamental concern to us.”
The letter includes signatures from business and trade groups in all 50 states.
The legislation also calls for on-the-record administrative hearings on the most costly regulations and for rules to be more rigorously tested when challenged in court.
The groups said the bill would improve the accountability and the integrity of the regulatory process.
President Obama has already threatened to veto the legislation, which passed the House in January.