The Chamber of Commerce offers up ideas on how to enhance the Regulatory Cooperation Council.
Before you dive into the full letter, check out this key section:
The Chamber sees an engaged stakeholder community as a foundational element needed for the RCC to be truly successful. Therefore, the Chamber and a diverse group of stakeholders are serving as signatories on a parallel submission, which provides suggestions on strengthening stakeholder engagement, increasing transparency, growing the work program of the RCC, and allowing for new initiatives to be chosen or existing initiatives enhanced or restructured on a rolling continuous basis.
The RCC has shown great potential and demonstrated some early success, but it is still a work in progress and more needs to be done to ensure it is self-sustaining. These comments will focus largely on the specifics of the institutional mechanisms needed to make U.S.-Canada regulatory cooperation a part of routine regulator activities and to deepen the level of overall cooperation, unlocking the potential for much greater gains.
Here’s the full letter penned by Adam Schlosser, Director of the Chamber of Commerce’s Center for Global Regulatory Cooperation: