The U.S. House Small Business Committee approved two SEMA-supported bills to close loopholes that federal agencies may use to avoid compliance with the Regulatory Flexibility Act (RFA). The RFA was created by Congress in 1980 to require the federal government to examine the impact of regulation on a small business and to consider any alternative approaches that are less burdensome. Among other changes, the legislation would force agencies to perform better periodic reviews of their rules and grant the chief counsel for advocacy at the Small Business Administration greater power to enforce the RFA. SEMA has joined with a number of other businesses and organizations to support passage of the legislation.
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