Reasonable Tort Reform is Needed

February 22, 2021

Problem: Excessive litigation in the U.S. limits job creation, stymies innovation, and increases costs of goods and services. In 2018, small businesses faced $182 billion in commercial tort costs, even though they brought it only 19 percent of the revenue. The entire commercial tort liability bill for 2018 was $343...

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Seek Restraint in OSHA Regulations

February 22, 2021

Problem: With the Occupational Safety and Health Act of 1970, Congress created the Occupational Safety and Health Administration (OSHA) to ensure safe and healthful working conditions for workers. Due to a complex set of regulations, many small-business owners simply do not know of or do not understand the OSHA regulations...

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Strengthen SBA Office of Advocacy

February 22, 2021

Problem: The considerable free rein federal agencies have over how to interpret and enforce laws passed by Congress is too often done in a way that harms America’s small businesses. While various regulatory reform initiatives have prohibited the enactment of a range of onerous rules and alleviated some of the...

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Repeal Beneficial Ownership Law

February 22, 2021

Problem: The Corporate Transparency Act (Beneficial Ownership) was passed and signed into law as part of the National Defense Authorization Act in Dec. 2020. The new law requires certain LLCs and small companies to inform the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) of their beneficial owners and establishes...

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Regulatory Reform and Paperwork Reduction

February 22, 2021

Problem: America’s small businesses are facing the ever-growing financial and time burden of dealing with federal regulations. Despite the vital importance of small businesses to the U.S. economy, federal laws and unnecessary regulations have often disproportionately burdened them relative to large firms, leaving many small businesses struggling to survive. New...

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Close the Partisan Divide and Reform Politics

February 22, 2021

Problem: As a result of growing partisanship, Congress is not doing the job it was elected to do: passing budgets, responsibly managing the nation’s finances, and making the decisions necessary to ensure that government functions at a basic level of efficiency. Political dysfunction has real costs: it is preventing policymakers...

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