WASHINGTON – United States Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, today applauded the efforts of the Obama Administration to reduce the regulatory burdens facing businesses in America, particularly small businesses.
Sen. Landrieu said:
“As we continue to get this economy back on track, I am encouraged by this administration’s commitment to reduce the regulatory burdens businesses in America face on a daily basis. Every day we hear from small businesses that are bogged down with unnecessary paperwork and outdated regulations. As Chair of the Senate Small Business Committee, I am committed to reducing burdens America’s entrepreneurs face – beginning with the full repeal of the Form 1099 reporting requirement set to take effect in 2012. I will continue working with the administration to pinpoint problem areas in the federal regulatory process that hinder job creation and economic growth, and I applaud their efforts to make tackling this problem a priority.”
In an executive order and an op-ed to the Wall Street Journal today, President Obama called for an immediate review of regulations at federal agencies to remove outdated or duplicative rules that could hinder business growth. For more information on the President’s executive order, please click here.