Bill 118 hr 3400, also known as the Small Businesses before Bureaucrats Act, aims to reduce regulatory burdens on small businesses in the United States. The bill was introduced in the House of Representatives and is currently under consideration.
If passed, the bill would require federal agencies to consider the impact of proposed regulations on small businesses before implementing them. This would involve conducting a thorough analysis of the potential costs and benefits of the regulations on small businesses, as well as seeking input from small business owners and stakeholders.
The goal of the Small Businesses before Bureaucrats Act is to ensure that small businesses are not disproportionately burdened by unnecessary or overly burdensome regulations. By requiring federal agencies to take into account the unique challenges faced by small businesses, the bill aims to promote economic growth and job creation in the small business sector.
Supporters of the bill argue that reducing regulatory burdens on small businesses will allow them to thrive and expand, ultimately benefiting the overall economy. Critics, however, raise concerns about the potential impact of deregulation on public health and safety, as well as the environment.
Overall, the Small Businesses before Bureaucrats Act is a significant piece of legislation that seeks to strike a balance between promoting small business growth and protecting the public interest. Its fate will ultimately be decided by Congress in the coming months.