Regulation Nation: Officials Talk Reducing Red Tape for Small Businesses at House Hearing
WASHINGTON – Today the Chief Counsel for Advocacy and the National Ombudsman from the U.S. Small Business Administration (SBA) described to a panel of lawmakers the challenges posed by new federal regulations and enforcement actions reported to them by small firms. The hearing is the latest part of the Committee’s ongoing efforts to make the SBA work better for small businesses and reduce red tape for America’s entrepreneurs.
“Too often small businesses tell us that the federal government ignores their concerns about new regulations and treats them unfairly. At a hearing in my district this past November, I heard how red tape is making it more difficult for small firms, especially in rural areas, to operate,” said Subcommittee on Investigations, Oversight, and Regulations Chairman Cresent Hardy (R-NV). “Small businesses are even more worried about a flood of new mandates gushing out of Washington, DC in the final year of the Obama Administration.”
“Last year, the Administration finalized rules totaling $99 billion in costs, and many of those rules – like EPA’s waters of the United States rule – inflict significant burdens on small businesses. This year could be even worse as federal agencies plan to finalize rules like the DOL’s overtime rule that impose major costs on small businesses and will hurt their employees.” Hardy added.
You can read the testimony of the two SBA officials on today’s panel here and watch the video of today’s hearing here.
The House Committee on Small Business monitors federal regulations that impact small businesses on its website. You can keep track of upcoming rules and comment periods HERE.
Full Committee Chairman Steve Chabot (R-OH) was recently named as co-chairman of a House task force on reducing regulatory burdens.
Hardy and Small Business Committee Member Rep. Steve Knight (R-CA) have sent a letter co-signed by more than 100 members of Congress, to the Department of Labor urging the department to reconsider its costly proposed overtime rule that would force small businesses, particularly those in rural areas, to change how they compensate their employees, ultimately harming American workers.