Unleashing entrepreneurs’ job-creating potential

Print Article

Small business owners need real regulatory relief. They need an advocate to force government agencies to consider the impact of regulations on their businesses. They need a chance to look up from the massive piles of paperwork required by each of the thousands of new regulations passed over the last eight years. And, most importantly, they need Washington out of their way.

The estimated cost of compliance with federal regulations is disproportionately shouldered by small businesses. Federal agencies donít understand how much new regulations increase costs and uncertainty in the business world.

Over the last eight years, small businesses in Idaho and across the country have overwhelmingly pleaded for a break from the regulations theyíve been suffering under. Regulators have continued to pile on more rules, leading to more difficult compliance and higher penalties. It is up to Congress to step in and break this cycle.

As chairman of the Senate Committee on Small Business and Entrepreneurship, I have introduced two bills that will help small businesses finally enjoy relief from burdensome federal regulations: the Advocacy Empowerment Act and the Hearing Small Businesses Act. These bills would give the Office of Advocacy at the Small Business Adminis-tration the authority it needs to hold the government accountable for how their actions impact small businesses.

The Office of Advocacy is an independent branch of the SBA that exists to prevent regulations from crushing small businesses. This office stands up for small businesses, giving them a way to speak directly with the federal agencies that make regulations.

Advocacy works with agencies to find ways to regulate without further devastating Americaís 28 million small businesses. The Office of Advocacy has asked for tools to help give businesses a break, and it is time for Congress to deliver these.

My legislation requires federal agencies to monitor their regulationsí impact on small businesses. These bills give the Office of Advocacy the power to make sure agencies have considered how many small businesses will be affected by a regulation, if additional regulations overlap, and other alternatives to making an additional regulation.

This legislation also will allow small businesses to provide direct input on interim final rules, which are agency rules that could be issued and go into immediate effect.

Making it easier for small businesses to start and flourish should not be a partisan issue. I have been disappointed to see so many of my colleagues call for regulatory reform but fail to advance meaningful solutions to get it done.

These two bills provide small, common-sense reforms that directly deliver the tools that the Office of Advocacy has asked for in order to effectively do its job of speaking for small businesses. Business owners across the country have been forced to choose between growing their business and devoting time, money, and man hours to complying with federal rules for far too long. It is up to those of us in Congress to do what is in the best interest of business owners across the country.

Sen. James Risch, R-Idaho, represents Idaho in the U.S. Senate. He is chairman of Senate Committee on Small Business and Entrepreneurship.

Print Article

Read More Letters to the Editor

Move forward, not backward, on human rights

August 20, 2017 at 5:00 am | Bonner County Daily Bee Recently our nation witnessed white nationalist groups openly promoting Nazi ideology in Charlottesville, Virginia, that we have not seen since World War II. We saw this on TV while the group carry...

Comments

Read More

The ire of Doverís mayor

August 20, 2017 at 5:00 am | Bonner County Daily Bee This is the reason I never voted for her. To go to a World War II veteranís home, who has lived on Rocky Point Road for so many years and has always been the best neighbor on that road. I have live...

Comments

Read More

Dr. Bob among those special people who care

August 20, 2017 at 5:00 am | Bonner County Daily Bee I met a man, after months of hunting for him. His name is Dr. Bob Stoll, DVM. Scooter, my springer spaniel, was bleeding out from the nose. Iíd fought this for many years. Vet after vet saw Scooter ...

Comments

Read More

Musical experience was less than hospitable

August 20, 2017 at 5:00 am | Bonner County Daily Bee I attended a concert at the Festival at Sandpoint. What part I heard and was allowed to see was good but if the people who were so-called security guards are representative of your friendly town, I w...

Comments

Read More

Contact Us

(208) 263-9534
PO Box 159
Sandpoint, ID 83864

©2017 Bonner County Daily Bee Terms of Use Privacy Policy
X