Business group ready to face off over regulations

By Aaron Smith, staff writer


NEW YORK (CNNMoney.com) -- The U.S. Chamber of Commerce said Wednesday it was beefing up its arsenal in the face of what it called a "regulatory tsunami of unprecedented force" from the Obama administration.

Chief Executive Thomas Donahue said the group is adding a regulatory economist to its staff and ramping up activism by its legal organizations, the Institute for Legal Reform and the National Chamber Litigation Center.

With these resources, he said the Chamber is taking on the "threat" of "thousands of new and questionable regulatory rulemakings in the pipelines."

"Regulation is the vehicle by which some seek to control our economy, our businesses, and our lives -- and left unchecked, it will fundamentally weaken our nation's capacity to create jobs and opportunity," he said.

He said the added regulations are coming from the health care and financial regulatory reform bills, as well as the Department of Labor, the Environmental Protection Agency, the National Labor Relations Board and other agencies.

"We have never seen anything on this scale before," said Donahue. "It defies all logic and common sense. The Chamber has experts in each of the areas I have mentioned and they are working everyday to stem the tide of this regulatory tsunami."

The White House was not immediately available for comment. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 18,132.70 -81.72 -0.45%
Nasdaq 4,963.53 -24.36 -0.49%
S&P 500 2,104.50 -6.24 -0.30%
Treasuries 2.00 -0.01 -0.69%
Data as of 8:44pm ET
Company Price Change % Change
Apple Inc 128.46 -1.96 -1.50%
Microsoft Corp 43.85 -0.20 -0.47%
Facebook Inc 78.97 -1.44 -1.79%
Cisco Systems Inc 29.51 -0.40 -1.34%
Intel Corp 33.25 -0.40 -1.19%
Data as of Feb 27
Sponsors

Sections

Bus drivers for Apple, Yahoo, Amtrak, eBay, Genentech and Zynga have unionized, following in the footsteps of drivers who shuttle Facebook employees. More

Potential presidential candidate says that improvement in unemployment rate is due to millions of jobless not being counted. More

The top 5 consumer complaints have to do with identity theft, debt collectors, imposters, telephone companies and banks. More