Released: January 29, 2009
The Office of Advocacy of the U.S. Small Business Administration reports that it saved American small businesses $10.7 billion in foregone regulatory costs in fiscal year 2008. The Regulatory Flexibility Act (RFA) requires federal agencies to analyze the economic impact of proposed regulations on small entities and consider less burdensome alternatives that still reach the agencies’ regulatory goals. Advocacy works to ensure compliance with the RFA through trainings, roundtables, comment letters, and congressional testimony.
Advocacy's efforts and achievments are outlined in its Report on the Regulatory Flexbility Act, Fiscal Year 2008, found at http://www.sba.gov/advo/laws/flex/08regflx.html . A Research Summary can be found at http://www.sba.gov/advo/laws/flex/08regflx_rs.pdf.
If you have any questions regarding Advocacy’s report, please do not hesitate to contact Jamie Saloom at 202-205-6533.
For more information about the Office of Advocacy, please visit our website at http://www.sba.gov/advo/ or telephone 202-205-6533.
To sign up for Advocacy updates via RSS feed, visit http://feeds.feedburner.com/sba/rAIO
Visit Advocacy's Regulatory Alerts page to learn about and comment on proposed federal rules that may affect small business: http://www.sba.gov/advo/laws/law_regalerts.html.
In order to receive e-mail notices of Advocacy's news releases, monthly newsletter, small business research, statistics, and regulatory communications visit http://web.sba.gov/list.