PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

ICYMI: The 2018 Agenda for Entrepreneurs and Small Business

By at 2 January, 2018, 3:38 pm

A New Year and Policy Agenda for Entrepreneurs and Small Businesses

Issue One: Regulatory System Transformation and Accountability

Washington, D.C.The nation’s leading advocate for entrepreneurs said business owners are excited about the 2018 economy and overall business climate. Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan said the group looks to pick up where 2017 ended, and that means continuing their work with the Trump Administration and Congress on the key issues that will allow entrepreneurs to compete better, innovate more freely, and grow faster.

As Kerrigan noted in a Small Business Insider blog post:

“Entrepreneurs are entering 2018 with high confidence and a strengthening economy The keys to small business growth and healthy entrepreneurship hinge on strong and sustainable economic growth and the continuance of policies that lift government imposed barriers, encourage capital formation and investment. To that end, entrepreneurs are hopeful that President Trump and Congress will prioritize their agenda with entrepreneurs in mind to ensure that small businesses grow and help create the quality jobs and innovative breakthroughs that are necessary for a dynamic economy where benefits everyone.”

In the piece, Kerrigan touches upon the solid progress made by President Trump and Congress on tax relief, regulatory relief and reform and the general direction on policy that is fueling stronger economic growth, investment and confidence.

Listen to this 5 minute radio segment on December 19, where Kerrigan discusses the progress and impact of Trump’s regulatory agenda.

Kerrigan notes there is more to be done to make the U.S. more globally competitive for all U.S. businesses and to revitalize the ecosystem for entrepreneurial activity.  Its agenda in 2018 includes: fully transforming the outdated regulatory system, improving capital access, lowering health coverage costs and increasing choice and competition, global market access and intellectual property protection, and additional tax code fixes among several other key areas.

Regulatory System Transformation and Accountability

Kerrigan says the regulatory actions taken by President Trump and his Administration to date have been a big boost to small businesses and the economy.  However, the regulatory process is seriously outdated and complex, and reforms are long overdue to improve accountability, transparency and how the regulatory sausage is made.

To that end, one of SBE Council’s key legislative goals in 2018 is getting the “Small Business Regulatory Flexibility Improvements Act” (H.R. 33, S. 584) signed into law by President Trump, which would transform the federal regulatory process and provide small businesses with a meaningful voice and tools during the rulemaking process.  The bill passed the House and has advanced through the Senate Homeland Security and Government Affairs Committee.  One of SBE Council’s key legislative goals is to get the bill to President Trump’s desk early in 2018 for his signature.

Each day this week, SBE Council will post a new blog on its policy agenda for 2018 on its website at www.sbecouncil.org.

Related content and resources:

What About Small Business Regulatory Reform? 

Small Business Insider

CONTACT:

Karen Kerrigan, kkerrigan@sbecouncil.org

703-242-5840

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil

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