WASHINGTON, D.C. – U.S. Senate Committee on Small Business and Entrepreneurship Ranking Member Olympia J. Snowe (R-ME) today praised six federal agencies for being recognized by the Small Business Administration’s (SBA) Office of the National Ombudsman for their extraordinary dedication to considering small business impacts when addressing regulatory enforcement issues. The agencies acknowledged for their efforts are the: Department of Transportation; Environmental Protection Agency; Occupational Safety and Health Administration of the Department of Labor; Customs and Border Protection of the Department of Homeland Security; the Centers for Medicare and Medicaid Services of the Department of Health and Human Services; and Department of Commerce.
“My targeted regulatory reform will help small businesses continue to do what they do best, namely create jobs and opportunities for America’s workers,” said Senator Snowe. “Congress clearly needs to do all it can to reduce the small business compliance burden. Over the past twenty years, the number and complexity of Federal regulations have multiplied at an alarming rate. A recent report prepared for the SBA’s Office of Advocacy found that in 2004, the per-employee cost of federal regulations for firms with fewer than 20 employees was $7,647. That was 44.8 percent more than the $5,282 per-employee cost faced by businesses with 500 or more workers. These rules and regulations impose a much more significant impact on small businesses than larger businesses.”