Our Economy Needs Small Businesses, and Small Businesses Need Regulatory Reform

Sykes, Jay

GW Work

Our Economy Needs Small Businesses, and Small Businesses Need Regulatory Reform Open Access

Small businesses are key to getting our economy back on track, but they bear the brunt of the increasing cost of regulation. Legislators seem to recognize as much and have introduced several bills requiring a better understanding of the effects of regulation on small businesses. Just last week the House of Representatives held a mark-up session for H.R. 527, the Regulatory Flexibility Improvements Act of 2011, designed to ensure more complete analysis of the impact of proposed regulations on small entities. With regulatory activity on the rise, the bill represents a valuable effort to minimize the extent to which the growth in the administrative state impedes economic recovery.