Dear Friends,
A big part of the conversation in Washington surrounding job creation has focused on burdensome regulations on the private sector. This Wednesday, the Small Business Committee took a significant step in the direction of protecting small businesses by passing two pieces of legislation that will force federal agencies to better examine the impact of their rules on small businesses.
The Regulatory Flexibility Improvements Act of 2011 and the Small Business Size Standard Flexibility Act of 2011 will close loopholes used by agencies to avoid compliance with the Regulatory Flexibility Act (RFA), a law passed in 1980 that requires the administration to consider the effects of their rules on small businesses and other small entities before issuance.
Overreaching Washington regulations, mandates and taxes are preventing small businesses from creating jobs. If we want to see job creation improve in this country, one of our first steps must be to cut excessive bureaucratic regulations issued by the administration on small businesses. I discuss this in more detail in an op-ed I wrote in yesterday's Roll Call newspaper.
Another hot topic in Congress is the debate surrounding raising the nation's debt ceiling. This decision gives Washington the opportunity to promote policies that will help move our nation's private sector forward out of a recession. Any deal to raise the limit should be focused on removing barriers to small business job creation by not raising taxes and creating a more certain economic environment by addressing our massive federal debt.
Sam Graves
Chairman