Round One of Advocacy’s r3 Is A Hit
Jan 14th, 2008 | By Dawn R. Rivers | Category: RegulationsMore than eighty federal regulations have been nominated for review by concerned small business owners and small business advocates as a part of the SBA Office of Advocacy’s Regulatory Review and Reform initiative, the agency announced last week. The initiative, nicknamed r3, is another plank of President Bush’s effort to reduce regulatory burdens for small businesses by improving compliance with the Regulatory Flexibility Act (RFA). Federal regulators are suppose to periodically review regulations to see if they are outmoded or obsolete but compliance has been sketchy, at best. To improve matters, Advocacy asked small business owners to nominate regulations for review and reform during the last six months of 2007 and came away with a list of 82 rules. Overall, the EPA had the most nominations, while the IRS and OSHA had fewer than you might have guessed. Most interesting was that the majority of nominations were rules pertaining to federal contracting. Never mind contract bundling, maybe it’s the rules that get in the way of those small business contracting goals.
