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Congress should streamline regulatory compliance procedures for companies.

The length of time and amount of money businesses must spend navigating the complex regulatory permitting process is a serious disincentive to invest in traded sector industries in the United States. The Department of Commerce should establish a one-stop shop to help companies navigate the complex U.S. regulatory framework and expedite the permitting process. It should also develop an online “Turbo Regulation” application that allows companies to complete the required “paperwork” in an easy to fill out Web form over the Internet.