As President Trump moves forward with his plan to cut regulations across multiple industries, business leaders are quick to suggest where to start.
The Business Roundtable, a powerful trade association of large U.S. companies including Dell, Procter & Gamble and JP Morgan Chase, sent a letter to the White House highlighting the regulations they believe should be modified or repealed to improve the country's economic growth. The letter came in ahead of the President's meeting with top manufacturing executives, which included Marillyn Hewson, CEO of major defense contractor Lockheed Martin.
From energy and environmental policies to workplace regulations, here are four of the top rules business leaders would have Trump whisk away first:
1. Overtime regulations.
Repeal an Obama-era rule that doubled the eligibility threshold for overtime pay from around $23,000 annual salary to $47,476. The regulation was challenged in Texas, and is currently blocked from taking effect after a federal judge issued a nationwide injunction.
2. Wages reports.
A new rule, finalized in Sept 2016, from the Equal Employment Opportunity Commission (EEOC) requires employers with 100 or more employees to report their pay data starting in 2018. The regulation is meant to help the EEOC identify pay discrimination practices based on gender, race or ethnicity. The trade group contends the regulation imposes "sizable compliance burdens" and fails to "yield useful information on discrimination." They suggest reviewing the policy and rescinding it "if warranted."
3. Clean Power Plan.
A new proposal from the Environmental Protection Agency (EPA) would require coal-fired units to be built with carbon capture and control technology. The group suggests modifying this provision to provide "maximum flexibility for compliance." While currently blocked by the federal judiciary, the group says the Clean Power Plan should be redrawn to address concerns about regulatory overreach and the possibility of infringing on state authority.
4. Clean Water Rule.
Repeal the EPA's 2015 "Waters of the United States" rule that places the country's rivers, streams and wetlands under federal purview to protect them from pollution. The business group says the regulation has "serious implications for local economic development."