PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

H.R. 50: “Unfunded Mandates Information and Transparency Act of 2015”

By at 2 February, 2015, 8:55 pm

The Honorable Virginia Foxx

United States House of Representatives

2350 Rayburn Building

Washington, DC  20515

 

Dear Representative Foxx:

On behalf of the Small Business & Entrepreneurship Council (SBE Council) and its nationwide membership of 100,000 entrepreneurs and small businesses, we are pleased to support H.R. 50, the Unfunded Mandates Information and Transparency Act of 2015.

H.R. 50 contains smart and needed reforms to make the Unfunded Mandates Reform Act (UMRA) work better, such as requiring the disclosure of direct costs associated with regulations imposed by federal agencies and expediting congressional oversight and action on onerous and costly regulations.  The bill enables greater stakeholder engagement, which is vital to regulator understanding of small business impact, and provides for meaningful judicial review.

A survey by SBE Council’s Center for Regulatory Solutions found Americans feel excluded by the regulatory process, and they have no voice in the process: 64% of Americans said that regulations are “created in a way that does not consider their real-world impact,” 72% believe regulations are “created in a closed, secretive process,” and 68% believe regulations are created by “out-of-touch” people trying to push a political agenda. Overwhelmingly, Americans think over-regulation is hurting job creation, the economy, small business and our nation’s competitiveness.  H.R. 50 promotes accountability and transparency within the regulatory process, which will improve outcomes and confidence in the federal government.

SBE Council looks forward to working with you to advance H.R. 50 into law. Thank you for your leadership.

Sincerely,

Karen Kerrigan, President & CEO

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