House reg reform package a key vote for National Federation of Independent Business (NFIB)
Contact: Kelly Klass
609-713-4243 or [email protected]
Washington, D.C. (January 11, 2017) – The National Federation of Independent Business (NFIB), the nation’s leading advocate for small business owners, today called on lawmakers from both sides of the aisle to support a package of regulatory reform measures aimed at paring back burdensome rules. The House is scheduled to vote on the package this evening.
“Ball-and-chain regulations are one of the largest impediments to growth in the small business sector,” said NFIB President and CEO Juanita Duggan. “They cost a lot of time and money, consuming the resources that small business owners need to survive.”
The Regulatory Accountability Act of 2017, H.R. 5, is a package of various regulatory reform proposals. NFIB strongly supports the package, which includes two of the organization’s top regulatory priorities. Title III, the Small Business Regulatory Flexibility Improvements Act, would strengthen the Regulatory Flexibility Act (RFA) by requiring government agencies to consider the direct and indirect effects that proposed new rules would have on the small business sector. Currently, the law only requires that the direct impact on small business be considered. The provision would also give small businesses a greater voice in the rulemaking process by expanding the advocacy review panel process to all agencies.
Additionally, Title I, the Regulatory Accountability Act, would require agencies to choose the least-costly regulatory option that meets their statutory goal.
“According to our monthly research, ‘government red tape and regulation’ has been a top concern for small business owners for the past 96 consecutive months,” said Duggan. “Overregulation is a major problem for the economy, and curbing it is one of the top priorities for small business owners.”
NFIB yesterday sent a letter to the U.S. House of Representatives supporting the Regulatory Accountability Act of 2017 and is considering it a Key Vote for the 115th Congress.
“Lawmakers always claim they want to support small business owners,” said Duggan. “We expect bipartisan support for this legislation.”