
Regulatory Reform and Paperwork Reduction
February 22, 2021 7:54 pmProblem: America’s small businesses are facing the ever-growing financial and time burden of dealing with federal regulations. Despite the vital...
Problem: America’s small businesses are facing the ever-growing financial and time burden of dealing with federal regulations. Despite the vital...
Last week, the Senate approved the NDAA conference report which includes NSBA-opposed beneficial ownership language.
Yesterday, the House approved the NDAA conference report which includes NSBA-opposed beneficial ownership language.
The NDAA Conference Committee is expected to consider the bill, which includes NSBA-opposed beneficial ownership language, the week of Nov. 30 or Dec. 7.
Proposed legislation could require millions of small businesses to comply with new complex and ambiguous “beneficial ownership” reporting requirements.
On Jan. 5, the House passed the REINS Act, which requires Congressional approval of any major regulations with an estimated annual economic impact of $100 million or more.
Recently, legislation was introduced by Sens. Rob Portman (R-Ohio), Mark Warner (D-Va.) and Susan Collins (R-Maine) that would require independent agencies to analyze the costs and benefits of new regulations.
Last week, Rep. Bruce Braley (D-Iowa) introduced the Plain Regulations Act of 2013 with the goal of simplifying federal regulations and reducing costs to small businesses--a follow-up to his Plain Writing Act which was enacted in 2010 and strongly supported by NSBA.