Regulatory Burden Reduced for Small Businesses in FY 2018
The Office of Advocacy’s efforts at monitoring federal agency compliance with the Regulatory Flexibility Act (RFA) resulted in changes to 18 specific rules that reduced the regulatory burden for small business. These include $253.3 million in quantifiable small business regulatory compliance cost savings in FY 2018. The Office of Advocacy’s new publication, “Report on the Regulatory Flexibility Act, FY 2018,” recounts these efforts in detail. A summary of the research is also available.
Federal agencies have been methodically reviewing regulations that contribute to private sector burdens. The Office of Advocacy, the voice of small business in the federal government, is working to introduce small businesses’ priorities into the deregulatory process. Advocacy’s efforts to bring small businesses and policymakers together include:
- 13 regulatory issue roundtables in Washington to provide a forum for small business concerns,
- 23 regional roundtables in 16 states, and
- Visits to 67 small businesses in 15 states to gain a better understanding of the practical issues small businesses face with regulatory compliance.