Small Business Support: Less Red Tape, More Protection
This act aims to reduce regulatory burdens for small businesses, making it easier for them to operate and grow. It introduces new rules for analyzing the impact of regulations on small entities, including non-profit and tribal organizations, and ensures greater transparency and influence in the rulemaking process. Additionally, small businesses may be exempt from fines for initial minor paperwork violations.
Key points
Government agencies will need to more thoroughly analyze how new regulations affect small businesses, considering both costs and potential benefits.
Small businesses, including non-profit and tribal organizations, will have greater influence in the rulemaking process, and information about planned changes will be more accessible.
For first-time, minor paperwork violations, small businesses will not immediately face fines, giving them a chance to correct issues.
All existing regulations with a significant impact on small businesses will be regularly reviewed to determine if they are still necessary and can be simplified.
Introduced
Additional Information
Print number: 119_HR_421
Sponsor: Rep. Cline, Ben [R-VA-6]
Process start date: 2025-01-15