Dow praises Obama for regulatory reform progress
Officials with US producer Dow Chemical on Friday applauded recent progress made by the Obama administration on issues of regulatory reform.
Dow said it was pleased to see the administration following through on its commitment to review existing regulations and make changes, if appropriate, noting that it was particularly pleased to see the public given an opportunity to recommend rules for review.
“Well-conceived, science-based, and effectively implemented regulations are important tools for protecting our work spaces and environment,” said Dow \ CEO Andrew Liveris.
“The uncontrolled accumulation of regulations, and their costs, poses a real threat to US businesses. The president’s decision to review the broad range of regulations on the books is therefore critical. The work is not done, but this is a sound beginning, and I applaud the president for tackling this matter, and Cass Sunstein in particular, for the efforts thus far.”
Along with a critical review of proposed regulations, timely review of existing regulations is a necessary component of regulatory reform, the company said.
Reform is critical for making the US manufacturing sector more competitive, Dow noted.
Dow said it looked forward to working with the administration and Congress to help make the regulatory system better. The company said it was confident that a coordinated effort will allow companies like Dow to achieve regulatory objectives more effectively and at a lower cost.
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