Office of Advocacy Releases Report on RFAJanuary 20, 2016
Earlier this month, the Small Business Administration (SBA) Office of Advocacy released its Report on the Regulatory Flexibility Act (RFA) for Fiscal Year 2015. The Office of Advocacy was created by Congress in an effort to ensure that small businesses had a voice in the policy deliberations of the federal government. Other than participating in the regulatory process, one of the main tasks assigned to the Office of Advocacy is conducting research on small-business issues.
This report details the federal agency implementation of the RFA focusing on federal agency trainings, small business roundtables, Small Business Regulatory Enforcement Act (SBREFA) of 1996 panels, comment letters and regulatory costs savings.
The RFA was signed into law in 1980 by President Jimmy Carter and required that federal agencies consider the impact of regulations on small business, analyze alternatives and make that analysis available for public comment. This annual report highlights the accomplishments of the Office of Advocacy pursuant to the RFA and the goals which initially led to its creation.
Key findings of the report include that the Office of Advocacy:
- Trained 126 federal agency officials on requirements of the RFA;
- Hosted 21 small business roundtables;
- Conducted SBREFA briefings with the Environmental Protection Agency (EPA), Occupational Safety and Health Administration (OSHA), and the Consumer Financial Protection Bureau (CFPB);
- Submitted 28 letters to 20 agencies regarding the small business impact of proposed rules;
- Estimates its efforts resulted in $1.6 billion in costs savings for small business across the country.
NSBA has long called for the Office of Advocacy to be fully staffed with a strong and capable leader at its helm—the Chief Counsel for Advocacy plays an invaluable role in guiding Advocacy’s operations and thus, were pleased Congress confirmed Darryl DePriest for the position late last year. NSBA looks forward to continuing to work with the Office of Advocacy to ensure that new regulations do not impose disproportionate burdens on small businesses which can least afford the additional costs.