Big Biz Hails Obama's Order To Align International Regs

Law360, New York (May 1, 2012, 7:18 PM EDT) -- Targeting a worldwide web of red tape, President Barack Obama on Tuesday issued an executive order seeking to standardize international regulations, winning cheers from the business community.

The move directs regulators to work with foreign counterparts to find common ground in hopes of giving companies a predictable environment in which to operate.

“In some cases, the differences between the regulatory approaches of U.S. agencies and those of their foreign counterparts might not be necessary and might impair the ability of American businesses to export and compete...
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