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SBA Saves Small Business $10.7 Billion Through RFA as Wall Street Execs Enjoy $18.4 Billion in Bonus

Government and Economy SBA Report: The Regulatory Flexibility Act The SBA Office of Advocacy saved small businesses $10.7 billion in foregone regulatory costs in fiscal 2008. The Regulatory Flexibility Act requires federal agencies to consider less burdensome regulatory alternatives that still reach agency goals. Obama Signs Equal Pay Law Declaring that ending pay disparity is not just a women's issue, President Obama signed legislation that gives workers more time to file their pay discrimination suits. House Passes Massiv... [Read Full Article]

Clinton Insider Gets Commodities Post, Automakers Get $17.4 Billion

Government and Economy Obama Names Clinton Insider to Commodities PostGary Gensler, a former Clinton Treasury official, has been picked by President-elect Obama to regulate the same financial instruments he defended in the nineties, instruments that helped to create the subprime mortgage crisis. Stabilizing the Automotive Industry The text of Treasury Secretary Paulson's statement on stabilizing the automotive industry. President Bush: Automakers to get $17.4BCiting danger to the national economy, the Bush administration came to the resc... [Read Full Article] Your Tax Dollars at Work

It isn't often that this page has something good to say about the Federal Government, but the Small Business Administration (SBA) has always held a place of esteem in as much it is one of the few federal agencies that works wholly for the people it purports to help, the small business owner. We would like to introduce you now to a website that will offer more help to small business than ever was available before, Touted as the “official business link to the US Government,” The site, which was originally launched in 2006, is managed by the US Small Business Administration in a partnership with 21 other federal agencies. This partnership, known as Business Gateway, is a Presidential E-government initiative that provides a single access point to government services and information to help the nation's businesses with their operations. Helping with the Regulatory Burden One major area that the... [Read Full Article]

Nominations for Review and Reform: The Second Year of the r3 Initiative

It’s that time again, so this year, don’t miss it! The Office of Advocacy of the U.S. Small Business Administration is once again seeking nominations of federal rules in need of review and reform. This is your chance to nominate a rule that you feel needs to modified or pulled off the books entirely. The 2009 “Top 10” rules nominated by small business owners, trade associations, and others will be transmitted to appropriate federal agencies for their action. “Changing markets, technology, and competition make it imperative that federal agencies periodically review how their current regulations affect small business,” said Thomas M. Sullivan, Chief Counsel for Advocacy. “Only with regular evaluation can agencies sift through the enormous number of current regulations to find those that are outdated and ineffective due to rapidly changing conditions. We are calling for nominations of rules needing reform, and we are asking for constructive... [Read Full Article]

The High Cost of Business in the City by the Bay

When one thinks of San Francisco and its mayor, Gavin Newsom, the first thing that naturally comes to mind is “sanctuary city.” That, and earthquakes. However, what most people don’t think about is that San Francisco is also the test-bed for a grand economic experiment that is apparently designed to answer one question: How many unfunded and intrusive government mandates on business will it take to drive small business out of a given locale? On top of that, it will also answer the question of whether or not you can tax and regulate your way to prosperity, which is an issue of growing importance these days. Let’s check the scorecard to see where Newsom’s experiment stands:  Play or pay healthcare mandate. Effective January 9, 2008, the Health Care Security Ordinance (HCSO) requires Covered Employers to make health care expenditures for their Covered Employees and mandates the Department of Public... [Read Full Article]

The SBA’s Top Ten for Regulatory Review and Reform

In case you have been wondering about it, it’s true: the smallest of American businesses bear the brunt of business regulation. According to the Small Business Administration (SBA), American small businesses pay about 45% more per employee to comply with regulations than big businesses do. In its capacity as the “watchdog of American small business,” the SBA began a process last year to lighten this burden by streamlining and updating outdated and ineffective regulation.  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} So, last... [Read Full Article]

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