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Small Business Regulatory Relief Act
This bill requires all federal agencies to conduct small business impact analyses before issuing new regulations, exempts businesses with fewer than 50 employees from regulations where the cost exceeds 1% of revenue, and creates a small business regulatory ombudsman with enforcement authority.
Discussion (9)
The funding mechanism seems solid. My only question is whether appropriation levels are sufficient.
Concerned about unintended consequences. Has anyone modeled what happens if this interacts badly with existing law?
I appreciate the ambition but this tries to solve too many problems at once. Could we narrow the scope?
The reporting requirements seem excessive for smaller organizations. Add a tiered approach based on size.
Transparency and reporting requirements should be expanded significantly.
Expand transparency and reporting
+ Proposed Text
Section 6 amended: "Implementing agencies shall publish quarterly progress reports on a public website with outcome metrics and expenditures."
As someone who works in this area, the problems described here are real. This would make a meaningful difference.
The enforcement mechanism needs to be stronger. Without teeth, this becomes another unfunded mandate.
Great proposal. How does this interact with existing state-level regulations?
The concept is sound but costs may be significantly higher than estimated based on my analysis.