Donohue

U.S. Chamber of Commerce CEO Thomas Donohue said the scrapping of Obama-era energy regulations, coupled with last month’s comprehensive tax reform, will help kick-start economic growth into 2018, but warned that the Trump administration must also make modernizing the nation’s infrastructure a priority to keep the economy growing.

The U.S. Chamber of Commerce said Wednesday one of the “key parts” of its 2014 strategy is to “advance and protect America’s energy revolution” through the production of more domestic energy, the improvement of infrastructure and the modernization of the government’s regulatory process.

Regulation of all kinds, including rules governing hydraulic fracturing (fracking) and other energy practices, have gotten out of control and many outdated regulations need to be repealed, according to Thomas Donohue, CEO of the U.S. Chamber of Commerce.

U.S. Chamber of Commerce President Thomas Donohue last week warned against re-opening the stock exchanges on New York City’s Wall Street before the damaged electricity and telephone grids have been repaired.

U.S. Chamber of Commerce President Thomas Donohue said he favors deferring the re-opening of the stock exchanges on New York City’s Wall Street until damaged electricity and telephone grids have been repaired.