Washington, D.C. — The House Small Business Committee passed HR 9032 – the Enhanced Regulatory Flexibility Assessment Act, a bill introduced by Rep. Celeste Maloy that would require federal agencies to study and provide more detailed reports on the effects new rules and regulations have on small businesses.
Rep. Maloy testified on behalf of this legislation during a hearing with the House Small Business Committee. In her remarks she said that the bill will help Main Street America by forcing agencies to assess the economic impact their rules will have on small businesses and respond to concerns from Congress.
Watch her full remarks here.
The Enhanced Regulatory Flexibility Assessment Act has garnered support from the St. George Area Chamber of Commerce, the Cedar City Chamber of Commerce, and the Rural Utah Chamber Coalition. Each wrote a letter of support. See below:
Background:
The House Committee on Small Business recently released the results of a three-year investigation detailing agency noncompliance. The investigation found that agencies improperly certify rules to avoid RFA requirements, underestimate regulatory costs to small businesses, fail to assess whether rules are duplicative, and refuse to comply with Congressional oversight requests.
To read the full report click here.
