The National Federation of Independent Business (NFIB) has submitted testimony to the U.S. House Committee on Small Business in advance of a hearing titled, “A Voice for Small Business: How the SBA Office of Advocacy is Cutting Red Tape.” The organization highlighted actions by the Trump Administration and Congress to ease regulatory burdens on small businesses and called for long-term legislative solutions.
Dylan Rosnick, NFIB Principal of Federal Government Relations, stated, “The Trump Administration’s commonsense regulatory agenda has been a much-needed sigh of relief for small businesses who have been crushed by previous federal overregulation and overreach into their business operations. However, without Congressional action, this relief will be short term, and small businesses will suffer from the regulatory pendulum swings that make long-term planning and investments so difficult. NFIB urges Congress to enact long-term relief during the 119th Congress that protects small businesses from federal government overregulation and government intrusion.”
NFIB's recommendations to Congress include permanently repealing the Corporate Transparency Act’s Beneficial Ownership Information reporting mandate or codifying an exemption for American small businesses while destroying already submitted data. The organization also calls for meaningful regulatory reform such as tailoring regulations based on business size or requiring agencies to consider impacts on small firms before issuing broad rules. Additionally, NFIB advocates using the Congressional Review Act to swiftly repeal regulations affecting small businesses that were not properly submitted to Congress.
NFIB has represented America’s independent business owners for more than 80 years at both state and national levels. The group remains nonprofit, nonpartisan, member-driven, and focused solely on supporting small and independent enterprises.
