Senator Olympia Snowe (R-ME) has introduced a bill that intends to make it easier for small businesses to comply with complex and confusing federal regulations. From the Office of Advocacy of the SBA:
The Small Business Compliance Assistance Enhancement Act of 2005 amends the 1996 Small Business Regulatory Enforcement Fairness Act (SBREFA), a law that bolsters the Office of Advocacy’s ability to reduce regulatory barriers that can stifle entrepreneurial growth. It will place new emphasis on compliance guides that agencies are required to write, so that small businesses can better understand complex rules and regulations. It also requires agencies to report annually on their efforts to comply with this law.
“Senator Snowe’s bill helps ensure that federal agencies issue compliance guides that are helpful for the small business community,” said Thomas M. Sullivan, Chief Counsel for Advocacy. “The bill recognizes that small businesses often need compliance help before new rules go into effect.”
This law would be another important step forward in improving the regulatory environment for entrepreneurial ventures.
Previous
Next