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NFIB Applauds Passage of Regulatory Reform Legislation

Date: February 26, 2014

www.NFIB.com
For Immediate Release
Contact:  Eric Reller 202-314-2073 or Eric.Reller@NFIB.org

 

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.

 

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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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