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Wednesday, September 18, 2013

Congress to Mark Up Small Business Regulatory Flexibility Bill

by Wayne Crews on September 17, 2013 · 0 comments
The Regulatory Flexibility Act directs federal agencies to assess the effects of their rules on small businesses.  How’s that going?  A new book Where the Jobs Are: Entrepreneurship and the Soul of the American Economy, finds that most job creation comes from start-ups; they’re usually small. But business formation has declined.  On Wednesday the 18th, the House of Representatives Committee on Small Business, chaired by Rep. Sam Graves (R-M0.), will mark up H.R. 2542, the Regulatory Flexibility Improvements Act of 2013. It was introduced by Rep. Spencer Bachus (R-Ala.).
The original “Reg Flex” Act has been around a long time, since 1980, and has been amended since then.  It requires that agencies, in their semiannual regulatory Unified Agendas “describ[e] regulatory actions they are developing that may have a significant economic impact on a substantial number of small entities.”  The year-end 2012 Unified Agenda of federal regulations didn’t appear until the Friday before Christmas. It revealed an uptick in this category of rules…..To Read More….

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