Posts Tagged ‘Regulatory Flexibility Act’
There’s a Pot of Gold at the End of the Legal Rainbow
Monday, March 17th, 2008
The Regulatory Flexibility Act was passed in 1980 but continues to prove that it is a valuable piece of legislation for small businesses over 2 decades later. The act is designed to make federal agencies evaluate how their regulations will impact smaller businesses and then look into how to make it easier on them economically and still comply with the regulation.
The Small Business Administration recently released a report on how the RFA did in 2007. The results showed that it has "realized $2.6 billion in first-year cost savings and $285 million in annually recurring savings." How’s that for good news?!
For those of you who believe that the corporate world has our government wrapped around their big fat fingers, well, just remember that there is always a segment of the government devoted to making sure that small businesses survive and thrive.
And there, my friends, is your pot of gold.
(If you’d like to read the whole report, click here )
Happy St. Patrick’s Day!
Tags: Accounting, Finance, Finance and Accounting, legislation, Rebecca Button, Regulatory Flexibility Act, small business
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