Regulations

Read NFIB’s positions on government and regulatory reforms that affect small business:

Unnecessary regulation is a perennial cause of concern for NFIB’s members and is particularly burdensome on small businesses, which lack the resources and personnel to keep up. According to NFIB’s Small Business Problems and Priorities, “unreasonable government regulations” ranks as the second largest problem. Unfortunately, the regulatory burden on small business continues has continued to grow for decades. Congress and the administration must step in and curtail costly regulations, particularly those that disproportionately affect small businesses.

NFIB Opposes the Corporate Transparency Act in the U.S. House-passed Defense bill (NDAA)»

NFIB strongly opposes the Corporate Transparency Act of 2019 as included in the U.S. House-passed National Defense Authorization Act (NDAA) because it imposes even more regulatory burdens on America’s small businesses and establishes an unprecedented intrusion into the privacy and civil liberties of millions of small business owners. This legislation would require most businesses with 20 or fewer employees to register the full legal names, dates of birth, addresses, and driver’s license numbers or passport numbers of business owners with the Financial Crimes Enforcement Network (FinCEN), and update that information annually for the life of the business. This information will be stored in a government database and accessible to local, state, tribal, and federal law enforcement without a subpoena or warrant.

 

Failure to provide completed and updated reports could result in penalties of up to $10,000 and penalties of up to 2-3 years in prison.

 

Click here to tell your members of Congress to keep Small Business Regulatory Burdens out of NDAA.

Regulations Affecting Small Business »

Small businesses are responsible for nearly two-thirds of job growth in this country. However, small business growth is limited by the cost of regulatory compliance. The annual cost per employee of complying with federal regulations is significantly higher for smaller firms than larger firms

Regulatory Reform Legislation Supported by NFIB »

Reforming the regulatory process is one of NFIB’s top legislative priorities. Federal agencies need to do a better job of analyzing the effects of their rules on small businesses and allow more opportunities for small business input. See the regulatory reform legislation that NFIB has supported in the 115th Congress.

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