Small Business Advocacy Improvements Act of 2023

Small Business Advocacy Improvements Act of 2023

This bill expands the primary functions and additional duties of the Office of Advocacy of the Small Business Administration to include (1) examining the role of small businesses in the international economy, and (2) representing the views and interests of small businesses before foreign governments and international entities to contribute to regulatory and trade initiatives that may affect small businesses.

Bill 118 HR 399, also known as the Small Business Advocacy Improvements Act of 2023, aims to enhance the advocacy efforts for small businesses in the United States. The bill seeks to improve the Small Business Administration's Office of Advocacy by increasing its resources and capabilities to better represent the interests of small businesses in the federal regulatory process.

One key provision of the bill is the establishment of a Small Business Advocacy Board, which will provide guidance and oversight to the Office of Advocacy. This board will be composed of representatives from small businesses, trade associations, and other stakeholders, ensuring that the office remains accountable to the needs of the small business community.

Additionally, the bill includes measures to streamline the regulatory process for small businesses, making it easier for them to navigate and comply with federal regulations. This includes requiring federal agencies to consider the impact of regulations on small businesses and to provide opportunities for small businesses to provide input during the rulemaking process. Overall, the Small Business Advocacy Improvements Act of 2023 aims to strengthen the voice of small businesses in the federal government and to ensure that their interests are adequately represented in the regulatory process. By providing additional resources and support to the Office of Advocacy, the bill seeks to empower small businesses to thrive and succeed in the competitive marketplace.