Sept. 26, 2007: SBA Pursues Regulatory Reform Initiative
September 26, 2007
WASHINGTON - The U.S. Small
Business Administration (SBA) Office of Advocacy’s Regulatory Review and Reform
Initiative, or r3, has been created to identify and address existing federal
regulations that should be revised because they are ineffective, duplicative,
or out of date.
The r3 program is intended to help small
businesses address the cumulative federal regulatory burden, which is now
estimated to exceed $1.1 trillion, said SBA. Through the r3 program, SBA
believes federal agencies will do a better job of identifying and revising
rules that need to be reformed.
The r3 program has three components: (1)
providing tools to improve federal agencies’ compliance with Section 610 of the
Regulatory Flexibility Act, leading to a better understanding of the impact of
their current regulations on small businesses; (2) developing a process for
small business stakeholders to identify current rules that are outdated or
ineffective and recommend targeted reforms; and (3) posting the recommended
reforms on Advocacy’s Website and updating the status of reforms twice a year.
Stakeholders who are interested in recommending
reform of a current rule or regulatory program should provide the Office of
Advocacy with a description of the current rule and the reasons why the rule or
program should be reformed. Stakeholders also need to describe their
recommended reform. After Advocacy receives and reviews a recommendation for
reform, Advocacy staff will work with the stakeholder to develop sufficient
information to move forward. Initial recommendations for reform are due by Dec.
To suggest reviews and reforms, call Keith
Holman of the Office of Advocacy at 202-205-6936 or e-mail email@example.com.
Publication date: 09/24/2007