U.S. Chamber CEO Addresses State of American Business

American business is facing a year of opportunity and uncertainty, says U.S. Chamber of Commerce CEO Thomas Donohue. In an address on the State of American Business, Donahue points to a “patchwork” of state rules and regulations that will stifle the free flow of goods and services if left unchecked.

Data privacy is one example where the federal government has dropped the ball. “Some of the shift in action to the states is a result of the federal government failing to set clear guidelines on issues that are best defined through a nationwide standard or policy,” said Donohue. “Can you imagine effectively running a company when you have 50 different sets of standards to comply with?”