Jefferson Reporter

U.S. Senators Katie Britt (R-Ala.) and Roger Marshall (R-Kans.), alongside their colleagues Senators Mike Braun (R-Ind.), Ted Budd (R-N.C.), and Rick Scott (R-Fla.), have introduced the Small Business Regulatory Reduction Act. This legislation aims to mitigate the financial burden imposed on small businesses by federal regulations.

In 2022, American small businesses incurred an average cost of $14,700 per employee due to regulatory compliance, adjusted for 2023 dollars. The proposed act seeks to alleviate these costs and mandates that the Administration submit an annual report to Congress detailing the impact of regulations on small businesses.

“I’m proud to join my colleagues in introducing this commonsense legislation to alleviate burdens on small businesses, who already have to contend with persistently high inflation on top of the Biden Administration’s red tape regime,” said Senator Britt. “From entrepreneurs just starting out to the established, family-owned shops on Main Streets across our great state and nation, I will continue to fight tirelessly for small businesses and the families they support.”

Senator Marshall added, “Washington D.C.’s top-down regulatory approach hurts our small businesses – the backbone of our economy – the most. Main Street merchants are constantly under attack from this Administration’s onslaught of regulations and jumping through unnecessary and costly hoops to provide services to our communities. I am proud to join Rep. Beth Van Duyne in fighting for this important legislation that addresses our small businesses’ concerns and stands up to the Administration’s relentless attacks.”

Congresswoman Beth Van Duyne (R-TX-24) introduced similar legislation in the U.S. House of Representatives last year.

Read the full text of the bill here.