The Office of Advocacy’s efforts at monitoring federal agency compliance with the Regulatory Flexibility Act (RFA) resulted in changes to 10 specific rules that reduced the regulatory burden for small business. These changes led to $773 million in quantifiable small business regulatory compliance cost savings in FY 2019. The Office of Advocacy’s Report on the Regulatory Flexibility Act, FY 2019 provides details on these efforts.
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:
- 12 regulatory issue roundtables in Washington to provide a forum for small business concerns,
- 10 regional roundtables in 10 states, and
- 16 small business visits in 4 states to gain a better understanding of the practical issues small businesses face with regulatory compliance.
The “Report on the Regulatory Flexibility Act, FY 2019,” recounts Advocacy’s efforts in detail.