Small Business Regulatory Reduction Act: Easing Burdens on Entrepreneurs
This act aims to reduce the costs that new administrative regulations impose on small businesses. It means the government will strive to ensure new rules do not create additional financial burdens for entrepreneurs. This could potentially make it easier to run a business and support the growth of small enterprises.
Key points
New regulatory costs for small businesses are intended to be zero, meaning the government will not impose additional financial burdens.
The Small Business Administration will report to Congress on the impact of other federal agencies' regulations on small businesses, increasing transparency.
The act does not authorize additional funding, meaning changes will be implemented within existing budgets.
Status:
Expired
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