NSBA applauds the House Small Business Committee’s commitment to productively legislating for improved small-business policy.
This week, the House Committee on Small Business held a markup discussion meeting on a number of legislative priorities endorsed by NSBA including:
HR 8033: The Regulatory Transparency for Small Businesses Act. This Act is intended to better define “factual basis” in section 605(b) of the Regulatory Flexibility Act (RFA) and requires agencies show how decisionmakers reached conclusions certifying regulations as “not substantially impacting small businesses” or otherwise.
HR 9031: The Assurance for Small Business Act of 2024. This legislation would require agencies to issue a report to Congress on how the respective agency defines a significant economic impact on a substantial number of small entities.
HR 9032: The Enhanced Regulatory Flexibility Assessment Act. This bill works to strengthen RFA language and descriptions of the cumulative impact of a rule and disproportionate impacts on small entities.
HR 9030: The Regulatory Agenda Clarity Act. This bill requires agencies to include insurance (NAICS) codes of small entities primarily impacted by rulemakings, as well as publish a plain-language summary of a rulemaking within three days of publication in the Federal Register.
HR 9085: The Regulatory Review Improvement Act of 2024. This legislation limits agencies’ ability to delay review of regulations from five years to one year, and provide explanations for delay.
HR 9033: The Let American Businesses be On Record (LABOR) Act. This Act extends Small Business Regulatory Enforcement Fairness Act (SBREFA) panel requirements to the entire Department of Labor.
HR 7198: The Prove It Act of 2024. Endorsed by NSBA and recognized by Congress for our support, the Provie It Act better allows small entities to voice regulatory concerns, including asking for review of agency rulemaking processes and ensuring exemption if agencies are noncompliant.
In addition to passage of these bills from the markup hearing, the House Small Business Committee released an interim staff report detailing the Committee’s 14-month investigation into the Global Engagement Center (GEC) for federally funded censorship of small domestic businesses.
Read the full interim report here, and follow NSBA as we continue working with the House Committee on Small Business to better serve our members and the nation’s entire small-business community.
