House Republicans called on the Biden administration to ensure its historical levels of regulations do not disproportionately impact small businesses.
Former Obama White House deputy chief of staff Jim Messina explains why Democrats will coalesce behind Biden before the 2024 presidential election 'Cavuto: Coast to Coast.'House Republicans are pressing the Biden administration to demonstrate that its historic levels of regulations are not eviscerating small businesses, according to a letter obtained by Fox News Digital.
Rep. Blaine Luetkemeyer, R-Mo., pleaded with the Government Accountability Office to ensure more oversight over economic regulations at federal agencies "Small businesses are our economy’s lifeline," Luetkemeyer told Fox News Digital. "When they are successful, the next great economy is on the way. New regulations which can impact small businesses must be properly reviewed to avert negative consequences."in its first two years cost the economy an estimated $300 billion and take an estimated 200 million hours of paperwork, according to federal data collected by the center-right American Action Forum.
The concern from Republicans is over the enforcement of three laws: the Regulatory Flexibility Act, Small Business Regulatory Enforcement Fairness Act, and Congressional Review Act. Together, these require federal agencies to notify small businesses of newly proposed regulations, so they can provide feedback and assess their potential impact.
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