One of the biggest challenges facing small business today is the regulatory burden placed on it by government. In the majority of small businesses, the owner’s daily responsibilities include human resource manager, tax expert, accountant, sales agent, health and safety expert, and many other roles. Unlike large corporations, small business owners typically do not have professional staff to handle these roles and they end up taking time away from their business or families.
NFIB sponsored legislation this past session that promotes small business by requiring agencies to assess the economic impact of new regulations and consider alternatives that are less burdensome to small businesses. This legislation would have closed loopholes that allow agencies to ignore small business impacts and concerns without any justification. The bill failed passage because of strong organized labor opposition. NFIB will continue leading the charge for small business regulatory fairness.