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

Wayne Duggan

On Thursday, President Trump met with leaders from 24 major U.S. companies including the CEOs of Merck & Co., Inc. (NYSE: MRK), Dow Chemical Co (NYSE: DOW) and Lockheed Martin Corporation (NYSE: 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.

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