Big Business Delivers Christmas Wish List To Trump, 10 Months Early

On Thursday, President Trump met with leaders from 24 major U.S. companies including the CEOs of Merck & Co., Inc. MRK, Dow Chemical Co DOW and Lockheed Martin Corporation LMT, to discuss potential changes to federal business regulations. Ahead of the meeting, participants in the Business Roundtable sent Trump a list of regulations that they believe are currently most damaging to U.S. economic growth.

Related Link: Affordable Care Act Replacement Bill Leaked

Here’s a rundown of some of group’s top priorities:

  • The Environmental Protection Agency’s (EPA) requirement that coal-powered electric utilities be equipped with “carbon capture and control” systems.
  • The EPA’s “Water of the United States” rule that places certain water bodies under federal jurisdiction for the purpose of preserving the safety of drinking water.
  • The SEC rule that requires companies to disclose CEO pay as a ratio of employee pay.
  • The SEC rule requiring companies to disclose products that contain “conflict minerals” from certain regions of Africa.
  • The national ambient air quality standards (NAAQS) rule limiting ground-level ozone levels.
  • The Affordable Care Act (ACA) reporting requirements that impose administrative costs of all employers with at least 50 employees.
  • The Equal Employment Opportunity Commission (EEOC) employer-sponsored wellness plan standards that differ from the standards under the AC.
  • The new Fair Labor Standards Act (FSLA) rule that doubles the annual salary threshold related to overtime pay eligibility to $47,476.

The full list of the topics the Business Panel discussed can be found here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: PoliticsGeneralBusiness RoundtableDonald Trump
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!