PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Coalition Letter in Support of S. 584, “Small Business Regulatory Improvements Act”

By at 3 April, 2017, 10:14 am

On April 3, 2017, SBE Council joined a broad coalition of state, local, and national small business organizations in support of the “Small Business Regulatory Improvements Act,” S. 584, sponsored by Senator James Lankford (R-OK). The legislation would reform the regulatory process to ensure that all federal agencies appropriately consider the impact of their rules on small businesses across America. S. 584 will help reduce red tape, and embeds principles and steps in a process that will result in effective regulation.

As noted in the letter:

“S. 584 would improve and modernize the Regulatory Flexibility Act (RFA), a 1980 law that requires federal agencies to transparently account for the impact of regulation on small businesses. However, each federal agency interprets important terms in the existing statute in widely divergent ways and is able to avoid the RFA’s requirements as Congress intended. This bill would streamline and make uniform those determinations of when the RFA would apply to a rule.”

To read the full letter, click here.

 

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