Regulatory Solutions in 2014
By SBE Council at 22 December, 2013, 8:58 pm
by Karen Kerrigan-
SBE Council will announce a new initiative in the next few weeks called the Center for Regulatory Solutions (CRS). The Center will advance and advocate policy solutions and ideas to address the flood of burdensome regulations that are stifling entrepreneurs and impairing small business growth. We will also educate Americans about the closed and secretive nature of the regulatory process, and how the valid concerns of small business owners are shut out or ignored.
A recent poll conducted for SBE Council reveals widespread concern among Americans regarding intrusive and excessive regulation. Americans believe regulations are negatively impacting job creation, economic growth, and new business startups.
Americans also believe the process by which regulations are drafted is too secretive. Basically, they believe the process is rigged against them.
SBE Council will release the full results of the survey soon, but here are a few points worth noting:
SPECIAL INTERESTS RULE: An overwhelming 84% of Americans believe there are too many special interests involved in shaping government regulations. On this point there is “tri-partisan” agreement: 84% of Democrats are joined by 85% of Independents and 88% of Republicans.
THE SYSTEM IS NOT WORKING: Three-in-four Americans (74%) believe it should be a priority for policymakers in Washington to address “how government regulates businesses.”
REGULATION IS NEGATIVELY IMPACTING THE ECONOMY: Three-in-five (61%) say that government regulations on businesses are more likely to “harm the economy by interfering with the free market, preventing businesses from growing and hiring new employees, and increasing prices for consumers.” Just one-in-three (33%) say these regulations “help the economy by ensuring fair competition for all businesses, protecting consumers and the environment, and punishing irresponsible companies.”
For more than five years, small business owners have been operating in a tough business climate. The financial crises, followed by the Great Recession and a weak economic recovery have made it very difficult to compete and survive. If all of this wasn’t enough, barriers and burdens imposed by government have stunted the recovery and imposed new costs and uncertainties on small businesses. Our federal government should do all it can to enable small business startup and growth- not impose policies that drive up their costs while hurting prospects for growth.
What is now playing out with Obamacare shows why entrepreneurs pointed to this flawed law as a major concern (if not the top concern) that would impact their growth, job creation and survival. Thousands of other proposed regulations are currently in the pipeline at the federal level that will impact every facet of business operations – access to capital; affordable energy; workplace and human capital flexibility; and much more.
We look forward to sharing more information about the Center in the days ahead. Your ideas and engagement have made SBE Council an effective hub of innovative solutions in a wide array of policy areas. Now it’s time to put those ideas and activism to work more fully in the regulatory realm.Karen Kerrigan, President & CEO, Small Business & Entrepreneurship Council.