PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Small Business Advocacy Group Supports EPA Proposal on Benefit-Costs Analysis

By at 4 June, 2020, 4:41 pm

Regulatory costs disproportionately impact small businesses. Transparency and consistency will promote fairness.

For Immediate Release

Washington, D.C. – Today, the Environmental Protection Agency (EPA) announced an important proposed rulemaking that will create a best practice process for regulations promulgated under the Clean Air Act (CAA). The aim of the benefits-cost analysis (BCA) proposal is to ensure consistency and transparency in developing future analyses, which is very important to America’s small businesses, according to Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan.

“Regulators need to approach proposed rulemakings with an understanding that small businesses make up the largest share of firms in almost every sector of our economy and regulatory costs disproportionately impact small businesses. Therefore, a consistent and transparent process for conducting a benefit-cost analysis is especially important to the small business sector of the U.S. economy. We applaud EPA Administrator Andrew Wheeler and his team for proposing a structure that will enhance regulatory performance and make the Clean Air Act work more effectively for all stakeholders, particularly the public at large,” said Kerrigan.

Several components of the proposal are issues SBE Council has been working on for years, including use of best available science and making public the underlying data used in analysis. As noted by the EPA, the proposed process, once finalized, will be used to prepare a BCA for future significant rulemakings under the CAA, including “those that would disproportionately affect an industry, group or area” or “those that are novel or relevant for other policy reasons.” Kerrigan said that this type of penetration and emphasis is very important to small businesses.

“As we have noted time and time again, small businesses dominate every industry and they are the dominant employer in almost every region of the country. A process that drills down by industry, group or area and properly evaluates the benefits and costs of a proposed rule will improve fairness in that process,” added Kerrigan.

According to the EPA, the proposed rule will be finalized by the Fall of 2020. Comments will be accepted for 45 days after it is published in the Federal Register.

Contact:  
Karen Kerrigan, SBE Council president & CEO
e-mail: 
kkerrigan@sbecouncil.org   

SBE Council is nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For 25 years, SBE Council has worked on and advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth. Visit www.sbecouncil.org @SBECouncil

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