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Advocacy Report Outlines Removal of Regulatory Burdens on Small Business
WASHINGTON – Today, the Office of Advocacy, an independent office within the Small Business Administration, released its annual report entitled, Report on the Regulatory Flexibility Act FY 2013. The report analyzes US agencies’ implementation of the Regulatory Flexibility Act and Executive Order 13272.
“Small business owners spend every waking moment working to develop a thriving business and create jobs; there aren’t enough hours in the day for them to follow the Federal Register too,” said Dr. Winslow Sargeant, Chief Counsel for Advocacy. “To that end, Advocacy gives small businesses a voice during the time-consuming and often complex rulemaking process. Every year, the Office of Advocacy works with federal agencies to discuss solutions or alternatives to rules that also keep Americans safe and small business doors open. Last year marked another successful year for relieving America’s small businesses from disproportionately burdensome rules, and I was pleased with our progress.”
Advocacy’s efforts led to numerous regulatory improvements saving America’s small businesses at least $2.5 billion during 2013. A few examples from today’s report include:
- The IRS adopting the simplified home office deduction beginning in tax year 2013.
- The Occupational Safety and Health Administration withdrawing proposed changes to its consultation procedures rule.
- The Consumer Financial Protection Bureau removing small entities from certain provisions in the Mortgage Servicing Rules.
The full report is available on the Office of Advocacy website at http://www.sba.gov/advocacy/823/4798.
Background: It is important to note that not all successful interventions produce quantifiable results. For FY2013, cost savings totaled $1.5 billion in quantifiable first-year regulatory costs and at least $1 billion in unquantifiable cost savings. The total estimate was calculated by using agency estimates.
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed and Senate confirmed Chief Counsel for Advocacy advances the views, concerns and interests of small business before Congress, the White House, federal agencies, federal courts and policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information, visit www.sba.gov/advocacy, call (202) 205-6533 or get updates on Twitter (@AdvocacySBA) or Facebook at www.facebook.com/AdvocacySBA.