WASHINGTON, DC – On September 19, 1980, the Regulatory Flexibility Act (RFA) was signed into law to address the disproportionate impact of regulation on small businesses. The law allows small firms to engage in regulatory decision-making and directs the Office of Advocacy to monitor how well federal agencies comply. Today, as we mark 45 years of the RFA, we celebrate its ongoing role in reducing regulatory burden on small businesses.
Since the start of the second Trump Administration, Advocacy has written 21 comment letters, held 14 roundtables, and saved small businesses $48.3 billion in regulatory compliance costs over 10 years through removing, withdrawing, or easing 14 federal regulations.
Chief Counsel Casey B. Mulligan said, “The aspirations of the Regulatory Flexibility Act are central to President Trump’s agenda. In the history of the Chief Counsel role, no President has ever been so prompt in nominating a Chief Counsel and moving him through the Senate committee. The Office of Advocacy is working to ensure that small businesses aren’t left behind by bureaucratic overreach, always recognizing that the know-how about real-world challenges lives in every shop floor, farm, and start-up across America.”
For more information on the Regulatory Flexibility Act, why it matters, and the process, please visit our website.
PRESS RELEASE
SBA No. 25-14 ADV
RFA BASICS:
Regulatory Flexibility Act Basics
CONTACT(S):
Chandler Baxter
Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration is an independent voice for small business within the federal government. Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office. The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. Economic research, policy analyses, and small business outreach help identify issues of concern. Regional Advocates and an office in Washington, DC, support the Chief Counsel’s efforts. For more information on the Office of Advocacy, visit advocacy.sba.gov, or call (202) 205-6533.