Senator Enzi works to keep Feds out of small business
‘Small Business Regulatory Freedom Act’ introduced
by Senator Mike Enzi media release
March 4, 2011
Washington, D.C. – As a former small businessman and current U.S. Senator, Mike Enzi, R-Wyo., hears many complaints from small businesses in Wyoming about burdensome federal regulations. In an effort to curb those regulations, Enzi signed on to a bill that would ensure federal agencies fully consider the economic impact federal regulations have on small businesses.
"The onerous 1099 provision in the health care law was one of the more publicly known small business burdens. Unfortunately, it is not the only egregious burden that small businesses face due to federal regulations. This bill will require federal agencies to specifically keep an eye out for any regulations that could harm small businesses and stop them before they are implemented," said Enzi, member of the Senate Small Business Committee.
The Small Business Regulatory Freedom Act: 1) requires agencies to consider the "indirect" economic impact of regulations, in addition to direct impacts already required by law; 2) provides small businesses with an opportunity to challenge proposed rules in court; 3) allows for the periodic review and sunset of existing rules; 4) requires all federal agencies to have Small Business Review Panels for rulemaking, among other improvements.
The Act was introduced by Senators Olympia Snowe, R-Maine, and Tom Coburn, M.D., R-Okla. Senator Snowe is the Ranking Member of the Senate Small Business Committee.