NFIB Applauds Passage of Regulatory Reform Legislation

Date: February 26, 2014

NFIB Applauds Passage of Regulatory Reform Legislation

www.NFIB.com
For Immediate Release
Contact:  Eric Reller
202-314-2073 or [email protected]

 

NFIB
Applauds Passage of Regulatory Reform Legislation

House Vote
Signals Win for Small Business

 

WASHINGTON, D.C., February
27, 2014
National Federation of Independent
Business (NFIB) President & CEO Dan
Danner
made the following statement on the passage of
NFIB Key Vote H.R.
2804, the All Economic Regulations are Transparent (ALERT) Act: 
 

“NFIB commends members of the House who
voted to cut burdensome red tape and provide much-needed flexibility to the
federal regulatory system by passing H.R. 2804,” said Danner. “Small businesses are the
backbone of our nation’s economy, and their ability to operate efficiently and
free of unnecessary regulatory burdens is critical for our country’s economic
recovery. We urge the Senate to
support small businesses and pass this important legislation.”

H.R. 2804 would
strengthen the regulatory process by requiring agencies to thoroughly analyze
the economic impact their rules have on small businesses. In particular, the
legislation would expand the Small Business Advocacy Review Panel process,
whereby agencies can learn how their regulations will practically affect small
entities. It would also give the Office of Advocacy the authority it needs to
establish standards for “regulatory flexibility analysis.”

The legislation
would also improve the accuracy of benefit-cost analysis by requiring agencies
to consider the indirect impact of regulations on small business. Finally, the
legislation’s would require agencies to issue an advance notice of proposed
rulemaking whenever an agency expects a rule to have a major economic impact.

NFIB will
continue to work through its coalition, Small
Businesses for Sensible Regulations
, in an
effort to protect small businesses and American jobs from the impact of
regulations.

 

###

 

NFIB
is the nation’s leading small business advocacy association, with offices in
Washington, D.C. and all 50 state capitals. Founded in 1943 to give
small-business owners a voice in public policy-making, NFIB’s policy positions
are set by its 350,000 business-owner members, who send their views directly to
state and federal lawmakers through NFIB’s unique member-only ballot. NFIB’s
mission is to promote and protect the right of our members to own, operate and
grow their businesses. More information is available online at www.NFIB.com/newsroom

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