Darryl L. DePriest is the seventh presidentially appointed and Senate-confirmed Chief Counsel for the Office of Advocacy.
Prior to joining the Small Business Administration Office of...
In 2010, the Office of Advocacy released a study by Nicole V. Crain and W. Mark Crain titled “The Impact of Regulatory Costs on Small Firms.” This was the fourth in a series of papers dating back to 1995. The goal of the series has been to quantify the economic impact of regulations on small businesses and determine if those impacts are disproportionate when compared to large businesses.
However, since the latest iteration of the study was released, the findings of the study have been taken out of context and certain theoretical estimates of costs have been presented publicly as verifiable facts. The following is intended as clarification of the intention of the study and its findings.
Congress created Advocacy in 1976 to give a voice to small businesses that were not being considered during the rule-making process. Considering the costs of regulations is critical to gain the required insight to work with agencies to minimize the burden on small businesses while still achieving the goals of the regulations. Advocacy will continue to support research that informs this objective and will continue to seek out the best ideas and methodology to help accomplish it.
Copies are available for purchase from:
National Technical Information Service
5285 Port Royal Road
Springfield, VA 22161
(800) 553-6847 or (703) 605-6000
TDD: (703) 487-4639
Order number: Pending
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To view the complete report please see the attachment below.