NFIB expert testifies to Congress about overregulation

NFIB’s Rob Smith spoke to the U.S. House Committee on Small Business about excessive regulation impacting Main Street businesses.

What it means: The Regulatory Flexibility Act (RFA) must be strengthened to stem the flood of regulations facing small business owners. This can be accomplished by Congress passing the Prove It Act of 2024.

Our opinion: “Small businesses look to this body for help in strengthening the Regulatory Flexibility Act (RFA), to ensure agencies comply with the law and to alleviate the regulatory burden they face,” said Rob Smith. “They need help, and they need it quickly. Passing the Prove It Act of 2024 would be a good first step.”

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(Edward – Three items above in the notes box at the top)

NFIB Senior Attorney Rob Smith spoke to the U.S. House Committee on Small Business about excessive regulation impacting Main Street businesses. Smith explained how agencies often circumvent Regulatory Flexibility Act (RFA) requirements by conducting inadequate cost analyzes and exploiting loopholes to avoid conducting RFA analyzes even when regulations significantly impact small businesses.

The Prove It Act aims to close RFA loopholes and reduce red tape, easing the regulatory burden on small business owners. The NFIB is advocating for Congress to pass the Prove It Act of 2024.

To read or watch Smith’s full testimony, visit the press release here.

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