Reduce Job-Killing Penalties and Fines

Date: February 25, 2014

Many small business owners cannot afford a full-time compliance staff, which exposes them to potential paperwork penalties and even errors that could be made in good faith. NFIB believes that agencies should waive fines and penalties for small businesses the first time they commit a harmless error on regulatory paperwork. When Congress passed the Small Business Regulatory Enforcement Fairness Act in 1996, agencies were required to publish a one-time report on how they saved small businesses from excessive penalties. NFIB believes agencies should be required to produce such a report annually to demonstrate their efforts to reduce the penalty burdens faced by small businesses.

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