Today, Small Businesses for Sensible Regulations, a coalition created by the National Federation of Independent Business, grew to 1,000 members strong. According to the group’s press release, the organization is “focused on protecting small businesses and American jobs from the impacts of costly federation regulations.” The coalition chairwoman and former U.S. Senator Blanche Lincoln today released the following statement:
“Small businesses across America are rallying behind the need for sensible regulations. Today we’re pleased to report that NFIB’s Small Businesses for Sensible Regulations coalition has reached the 1,000 member mark. With federal regulatory requirements being finalized daily in Washington, small businesses are struggling to balance compliance costs and paperwork with their ability to fill orders, add staff, and stay afloat. As our coalition grows, we stand united in calling on President Obama to halt the issuance of new regulations until much needed reforms are made to the rulemaking process.”
Earlier this month, NFIB President Dan Danner and Senator Lincoln submitted a letter to the President urging adoption of five principles into the regulatory process that would help balance the rule
making system. The standards include giving a seat to small businesses throughout policy discussions, and focusing on providing assistance to small businesses instead of levying costly penalties. The letter also asked that regulators conduct a thorough cost-benefit analysis of all new rules, and base policy decisions on validated science and hard data. Finally, it called on lawmakers to make the regulatory process more transparent and accountable to the public.
A recent Gallup poll found that compliance with government regulations is the single biggest issue facing small business owners today. With over 4,200 new rules pending in Washington, the burden of additional regulation is continuing to grow. Lawmakers must reform the regulatory process so that small businesses across the country can get back to work, hire new workers, and help put the economy back on a course of stable growth.