House Small Biz Committee Launches Regs ToolFebruary 6, 2013
Last week, House Small Business Committee Chairman Sam Graves (R-Mo.) announced “Small Biz Reg Watch”, a new initiative of the Committee to help small businesses participate in the development of federal regulations. An online resource on the Committee’s website will highlight proposed regulations that could impact small companies and instruct business owners on how they can make comments to the federal agency considering the proposed regulation.
Unlike big corporations—which have legions of accountants, benefits coordinators, attorneys, personnel administrators, and the like at their disposal—small businesses often are at a loss to keep up with, implement, or afford the overwhelming regulatory and paperwork demands of the federal government. A 2010 report from the U.S. Small Business Administration (SBA) found that, since 2005, the per-employee cost for all regulations for the smallest businesses (those with fewer than 20 employees) increased from $7,647 to $10,585. For large companies, the increase was less dramatic, from $5,282 to $7,755. This accounts to a 36 percent higher cost per-employee for small firms than large firms.
NSBA members voted regulatory reform among the organization’s top 10 priority issues for the 113th Congress, and looks forward to working with the Committee in pursuing options to ease the massive federal regulatory burden facing America’s small businesses.
Please click here for the Committee’s Small Biz Reg Watch.