WASHINGTON, D.C. – Today, Congressman Roger Williams (TX-25), Chairman of the House Committee on Small Business, led a full Committee markup where all seven regulatory bills considered were passed by the Committee. Chairman Williams issued the following statement after today’s markup.

“Today’s markup once again demonstrated the Committee’s commitment to cutting down the overburdensome red tape currently imposed on our nation’s largest job creators,” said Chairman Williams. “Main Street America has already been crippled by over 1.68 trillion dollars in new regulations during the Biden–Harris Administration. All seven bills passed out of Committee today prevent this regulatory regime from continuing and free up our small businesses to focus again on their core operations."

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HR 8033: “The Regulatory Transparency for Small Businesses Act” – introduced by Rep. Luetkemeyer.

·         The bill defines a “factual basis” in section 605(b) of the Regulatory Flexibility Act and requires agencies to show their work when certifying that a bill will not have a substantial economic impact on a substantial number of small entities.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

HR 9031: “The Assurance for Small Business Act of 2024” – introduced by Rep. Stauber.

·         The bill requires all rulemaking agencies to issue a report to Congress on how they define a significant economic impact on a substantial number of small entities.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

HR 9032: “The Enhanced Regulatory Flexibility Assessment Act” – introduced by Rep. Maloy.

·         The bill amends Initial Regulatory Flexibility Analysis requirements to include stronger language and descriptions of the cumulative impact of the rule and any disproportionate impacts on small entities.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

HR 9030: “The Regulatory Agenda Clarity Act” – introduced by Rep. Alford.

·         The bill requires agencies to include in their annual regulatory agenda in the North American Industry Classification System codes of small entities primarily impacted by any rule and a plain language summary within three days of its publication in the Federal Register.

·         Adopted and Reported Favorably to the House: 17 Yea, 7 Nay.

HR 9085: “The Regulatory Review Improvement Act of 2024” – introduced by Rep. Meuser.

·         The bill limits agencies’ ability to delay the review of rules to only one year as opposed to five and provide an explanation for why they are delaying the review. Further, when reviewing the rule, agencies must offer a comment period for stakeholders to weigh in on the rule’s impact. Agencies must also report on the cost and paperwork hours imposed on businesses since the rule took effect.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

HR 9033: “The Let American Businesses be On Record (LABOR) Act” – introduced by Rep. Bean.

·         The bill expands Small Business Regulatory Enforcement Fairness Act panel requirements to the full Department of Labor. Currently, only the Occupational Safety and Health Administration within the DOL, along with the Environmental Protection Agency, and the Consumer Financial Protection Bureau are required to conduct SBREFA panels.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

HR 7198: “The Prove It Act of 2024” – introduced by Rep. Finstad.

·         The bill allows small businesses to petition the government to review a proposed rule when an agency does not accurately account for the impact of a given proposed rule. It also requires agencies to consider indirect costs when conducting a regulatory flexibility analysis, publish any follow-up guidance to the role on regulations.gov, and periodically review the rule.

·         Adopted and Reported Favorably to the House: 13 Yea, 11 Nay.

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