Press Releases

Congressman French Hill (AR-2) released the following statement after the passage of the Small Business Regulatory Flexibility Improvements Act of 2015 (H.R. 527) by a bipartisan vote of 260 – 163:

“Americans are ready for Congress and the President to demonstrate their unwavering support for small businesses. For years, Washington has been heavy on rhetoric and light on action towards reducing the burdensome regulations crushing our most vital job creators, small businesses. Today’s bipartisan vote in the House is an important step towards strengthening the middle class by growing the economy from the ground-up and allowing small businesses in Arkansas and across the country to thrive. I urge the Senate to follow the House’s lead and swiftly pass this bill.”  

H.R. 527 would help small businesses by:

• Strengthening and modernizing the Regulatory Flexibility Act (1980) to give millions of Americans employed by small businesses the voice they deserve in the regulatory process.
• Clarifying that agencies have to consider indirect economic effects as well as direct economic effects (i.e., cost to the consumer as well as cost to the manufacturer)
• Eliminating the IRS’s favorite loopholes to avoid communicating with small businesses
• Giving small businesses earlier input on new rules through Small Business Advocacy Review panels
• Making agencies periodically review existing regulations and reduce where feasible.

Read the bill text here.