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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the United States Office of Management and Budget (OMB) announced that President Trump’s regulatory reform efforts have saved Americans $23 billion in FY 2018.
“As Chairman of the House Small Business Committee, I have been diligently working with the Administration to identify the impact new regulations have on small businesses, so we can effectively reduce unnecessary costs and burdens. For every new regulation issued, the Administration has eliminated 12, which has resulted in $33 billion in net regulatory savings in the last two years. It’s time we implement a common sense regulatory agenda so that American business owners are able to invest in their American dream without needless regulatory burdens on their shoulders.”
The Committee created an online resource, Regulatory Watch, for small businesses that want to participate in the regulatory development process, but do not have time to monitor federal agencies’ activities. The webpage is updated regularly to highlight proposed regulations that could impact small businesses. Each regulatory proposal is summarized, and a link is provided to a webpage where a small business owner can provide comments to the appropriate federal agency.
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