Monday, December 05, 2011

Dent Votes to Cut Red Tape For Small Business

In a news release, LV Congressman Charlie Dent announces he's voted for a pair of bills designed to relieve the growing regulatory burden on American job creators, particularly small businesses.

“This year, President Obama identified over-regulation as a major hindrance to economic recovery, explaining it “stifles innovation” and has a “chilling effect on growth and jobs”. I couldn’t agree more,” said Rep. Dent. “The bills passed this week by the House will address the President’s concerns by easing the heavy regulatory burden on American job creators and small businesses, allowing them to better focus on and invest in growth.”

The Regulatory Flexibility Improvement Act (H.R. 527), which passed the U.S. House of Representatives Thursday evening, will ensure federal agencies better assess the impact of new and existing regulations on small businesses, and craft rules in a manner that avoids inflicting unnecessary burdens and costs on job creators. The legislation also grants small businesses greater opportunity to provide federal rule makers with crucial input during the development of regulations. H.R. 527 is supported by the National Federation of Independent Business (NFIB).

The Regulatory Accountability Act (H.R. 3010), which passed the House this afternoon, requires federal agencies to advance the lowest cost rulemaking alternative when developing regulations. The bill does not impact regulations that are needed to improve public health and safety. H.R. 3010 also improves transparency in the federal rulemaking process by expanding opportunities for public input. A bipartisan companion bill was introduced in the U.S. Senate.

H.R. 517 and H.R 3010 are components of the House’s ongoing jobs agenda, which features several bills addressing excessive federal regulations that are preventing growth and jeopardizing jobs in the Lehigh Valley and across the country.

1 comment:

Jon Geeting said...

Bernie, the refs have already beaten this to death Regulations don't hurt jobs. That's not even close to the biggest problem businesses are having. Businesses need more customers, and consumers need more money. Dent needs to listen to Kamran Afshar, the LV Chamber of Commerce's favorite economist and get busy delivering more stimulus