Senator Marshall, Rep. Van Duyne Reintroduce Legislation to Reduce Overbearing Regulations for America’s Small Businesses

Washington, D.C. – U.S. Senator Roger Marshall, M.D., and U.S. House Representative Beth Van Duyne (R-TX-24) introduced the bicameral Small Business Regulatory Reduction Act to protect our small businesses from the financial burden of top-down federal regulations. 

When Washington, D.C. imposes regulations, it often comes at a significant cost to our locally-owned businesses. In 2022 alone, complying with regulations cost American small businesses an average of $15,133.57 (adjusted for 2024 dollars) per employee on their payroll. The Small Business Regulatory Reduction Act alleviates these costs and requires the Administration to submit an annual report to Congress outlining the impacts of regulations on small businesses. 

“I will always stand with Main Street over Wall Street, and remain laser-focused on supporting our nation’s small businesses. That means making it easier for them to do their jobs and keeping the federal government out of the way!” said Senator Marshall. “It’s time to slash the red tape and create a regulatory environment that ensures America’s small businesses, the backbone of our economy, thrive.”

“After Biden-Harris imposed more than $1.7 trillion in regulatory costs and inflicted 20% inflation, America’s small businesses are in desperate need of relief. I’m glad to partner with Senator Marshall to reintroduce the Small Business Regulatory Reduction Act to slash burdensome regulations for our job creators as we work to keep the American Dream alive for the next generation,” said Rep. Van Duyne (R-TX-24). 

“The first rule of economic growth is to stop stifling entrepreneurs. Yet, that’s exactly what Washington does to small businesses. Startups and mom-and-pops can’t afford full-time staff dedicated to regulatory compliance they way bigger companies can. Capping regulatory costs for small businesses at current levels is an important step towards better regulatory policy, as are the Small Business Regulatory Reduction Act’s improved transparency requirements.” said Ryan Young, Competitive Enterprise Institute Senior Economist.

“The Small Business Regulatory Reduction Act directs the SBA Administrator to quantify and monitor regulatory costs on small businesses, which is greatly needed as the cumulative costs are overwhelming small firms and undermining their competitiveness. Quantifying these costs on an annual basis and determining whether rules cumulatively exceed a zero-based regulatory budget provide a framework that promotes accountability and sensible regulation. SBE Council strongly supports this legislation, as it will help Congress with critical oversight and help to inform and educate regulators about the need to consider small business impact as they propose and advance their regulatory initiatives.” said Karen Kerrigan, President & CEO, Small Business & Entrepreneurship Council.

“Small businesses often deeply suffer the effects of federal regulations because they have limited resources for compliance. This bill from Senator Roger Marshall and Representative Beth Van Duyne would ensure these burdens are minimized and tallied,” said Nicholas Johns, Senior Policy and Government Affairs Manager, National Taxpayers Union. “National Taxpayers Union applauds this bill because it would prevent the Small Business Administration from hindering companies under their purview and create a government-wide report detailing the regulatory costs on small businesses.”