PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

WANTED: Your Regulatory Solutions

By at 11 May, 2017, 7:49 am

           Weigh in to Reduce Red Tape!

By Karen Kerrigan-

President Trump has issued various executive orders on reforming and streamlining the federal regulatory system. This is a critical issue for small businesses and entrepreneurship, and a top concern for business owners. The cost and burden of regulation disproportionately impacts small firms and remains a source of uncertainty, which impacts growth, investment, opportunity and competitiveness.

SBE Council has been directly involved in meeting with various agencies as a result of the Executive Orders, providing ideas and specific ways that regulation needs to be curtailed, scaled or streamlined to improve the system for small businesses and to reduce red tape, resulting in a stronger economy and stronger U.S. businesses.

EXECUTIVE ORDERS

Reducing Regulation and Controlling Regulatory Costs, signed by President Trump on January 30, 2017

Core Principles for Regulating the United States Financial System, signed by President Trump on February 3, 2017

Enforcing the Regulatory Reform Agenda, signed by President Trump on February 24, 2017

Small Business Input

As an entrepreneur and business owner, you can offer input as well. The Small Business Administration’s Office of Advocacy has created an online platform where small business owners can directly provide ideas and feedback. As noted by an Office of Advocacy in media release about the new platform:

“Agency implementation of these executive orders offers significant opportunities for regulatory relief targeted to small businesses. As an independent voice for small business within the federal government, Advocacy has a unique and important role to aid agency implementation of the executive orders.“

On the page, you will find links to both executive orders from President Trump and a link to a form to capture your feedback. The form will help the Office of Advocacy identify which federal agency regulations are causing problems for small businesses.

The Office of Advocacy plans to use feedback to help plan roundtables across the U.S., and share specific concerns with the appropriate federal agency to help them identify which regulations are burdening small businesses.

“We hope to help remove some of the red tape burden that is currently placed on the backs of small businesses,” according to the Office of Advocacy.

This is an important opportunity to provide direct input, as the Office of Advocacy and its Chief Counsel is charged with being your advocate in the U.S. government on regulatory issues. SBE Council strongly encourages your participation!

Karen Kerrigan is president & CEO, Small Business & Entrepreneurship Council

 

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