NFIB announced their support for H.R. 185, the Regulatory Accountability Act, which was reintroduced by Rep. Bob Goodlatte (R-VA6). The legislation would help ensure that federal agencies produce sensible regulations by increasing public participation and creating greater transparency in the rule making process.
Dan Bosch, NFIB Manager of Regulatory Policy noted, “Small business owners support this regulatory reform legislation because it requires agencies to estimate both the direct and indirect cost of regulations on the economy. Since regulations disproportionately impact small companies, allowing the public to see the entire impact of a rule is critical to add transparency to the rulemaking process.”