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Legislative Action for Small Business Regulatory Relief

WASHINGTON, D.C. (Sept. 6, 2024) – The National Federation of Independent Business (NFIB), recognized as the foremost advocate for small businesses across the United States, spearheaded a coalition of 50 trade associations in a unified appeal to the leaders of the House Committee on Small Business. This collective initiative seeks urgent legislative measures designed to provide much-needed regulatory relief and eliminate excessive red tape that small businesses currently face.

Concerns Over Regulatory Compliance

"Small businesses are increasingly alarmed by the unprecedented and rapid influx of regulations emerging from Washington," stated Josh McLeod, NFIB’s Director of Government Relations. "In pursuit of greater transparency and to ensure a complete understanding of how regulations impact small businesses, NFIB strongly encourages Congress to uphold the spirit of the Regulatory Flexibility Act (RFA) through impactful legislation like the bipartisan Prove It Act. Assuring that federal agencies adhere to the RFA is crucial to safeguarding Main Street businesses from the disproportionate effects of sweeping regulatory measures that do not take individual circumstances into account."

Importance of RFA Compliance

In support of this initiative, a recent White Paper analysis by the NFIB Small Business legal Center delves into the concerning trend of non-compliance with the RFA by administrative agencies. The paper elaborates on measures Congress can adopt to revitalize the RFA as a genuine restraint against the one-size-fits-all approach to rulemaking that has become prevalent.

Coalition of Support

This NFIB-led coalition comprises a diverse array of organizations that represent countless sectors vital to the American economy. The collective includes:

• Alliance for Chemical Distribution
• American Bakers Association
• American Bankers Association
• American Chemistry Council
• American Craft Spirits Association
• American Exploration & Mining Association
• American Hotel & Lodging Association
• American Farm Bureau Federation
• American Road & Transportation Builders Association
• American Short Line and Regional Railroad Association
• American Waterways Operators
• Associated Builders and Contractors
• Associated Equipment Distributors
• Associated General Contractors of America
• Can Manufacturers Institute
• Energy Workforce & Technology Council
• Independent Community Bankers of America
• International Franchise Association
• International Wood Products Association
• Job Creators Network
• National Asphalt Pavement Association
• National Association of Convenience Stores
• National Association of Insurance and Financial Advisors
• National Association of Manufacturers
• National Association of Realtors
• National Association of Wholesaler-Distributors
• National Cattlemen’s Beef Association
• National Federation of Independent Business
• National Fisheries Institute
• National Funeral Directors Association
• National Grocers Association
• National Lumber & Building Material Dealers Association
• National Mining Association
• National Pork Producers Council
• National Propane Gas Association
• National Retail Federation
• National Roofing Contractors Association
• National Rural Electric Cooperative Association
• National Small Business Association
• National Stone Sand & Gravel Association
• North American Association of Food Equipment Manufacturers
• Owner-Operator Independent Drivers Association
• Plumbing-Heating-Cooling Contractors—National Association
• Precision Machined Products Association
• PRINTING United Alliance
• The Meat Institute
• The Toy Association
• Treated Wood Council
• U.S. Chamber of Commerce
• USA Rice

Role of AI legalese decoder

In an era where legal jargon and complex regulations can stifle small businesses, the AI legalese decoder emerges as a powerful tool to help small business owners navigate the intricacies of regulatory compliance. By breaking down complicated legal language into clear and comprehensible terms, the AI legalese decoder allows entrepreneurs to better understand their rights and obligations under the Regulatory Flexibility Act and other crucial regulations. This enhancement in understanding not only equips small business owners with the knowledge they need to advocate for their interests but also empowers them to engage more effectively with legislative processes, ensuring that their voices are heard. By utilizing such tools, small business owners can take proactive steps to mitigate regulatory burdens and thrive in an increasingly complex environment.

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