September 21, 2015

MSCI Signs Letter Supporting Legislation To Improve Regulatory Transparency

The Metals Service Center Institute, the U.S. Chamber of Commerce and 385 other groups sent a letter to Senate Homeland Security and Government Affairs Committee Chairman Ron Johnson (R-WI) and Ranking Member Tom Carper (D-DE) asking that the committee swiftly pass S. 2006, the Regulatory Accountability Act of 2015. 

The bill, which has bipartisan support, would reform the process by which federal agencies analyze and formulate new regulations. The letter argued S. 2006 would “improve accountability and the integrity of the rulemaking process,” but “would not prevent federal agencies from issuing regulations or accomplishing needed regulatory objectives.” Instead, S. 2006 would simply “make the regulatory process more transparent, agencies more accountable, and regulations more carefully designed.” 

Representatives from the U.S. Chamber of Commerce, which organized the letter, told MSCI the letter has already received attention, including media coverage the morning it was sent, and will continue to be valuable as the Regulatory Accountability Act moves forward in the Senate. The full letter is available here.