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.