Buck Votes to Help Small Business
FOR IMMEDIATE RELEASE
Contact: Katherine Rosario, 202-226-8414
Washington -- Today, the House voted to pass H.R. 527, the Small Business Regulatory Flexibility Improvements Act of 2015, which requires federal agencies to better assess the impacts of their regulations on small business and to look for ways to reduce unnecessary burdens and design smarter, less onerous rules. It clarifies that agencies have to consider the indirect economic effects as well as direct economic effects of regulations. H.R. 527 eliminates the Internal Revenue Service's commonly used loopholes to avoid communicating with small businesses, and gives small businesses earlier input on new rules through Small Business Advocacy Review panels. Congressman Ken Buck (CO-04) released the following statement:
"Small businesses are the backbone of our economy. Yet, in the current regulatory environment, they have to pay thousands of dollars per employee to comply with federal regulations each year. To impose such a great burden on our job creators is simply wrong. Millions of families across the country rely on small businesses for their livelihood, to put food on the table and educate their children. This bill helps ensure that the federal government refrains from imposing harmful, duplicative, or unnecessary regulations on America's job creators."
According to the Congressional Research Service, half of America's workforce goes to work in a small business every day. The Small Business Administration estimates small businesses have to pay about $11,000 per employee to comply with federal regulations each year.
Rep. Ken Buck (CO-04) serves on the House Judiciary Committee and the House Committee on Oversight and Government Reform. He serves on the OGR Subcommittees on Government Operations and the Interior and is a member of the Judiciary Subcommittees on Immigration and Border Security and Crime, Terrorism, Homeland Security and Investigations.