Tuesday, February 27, 2007

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[IWS] SBA: Report on the Regulatory Flexibility Act, FY 2006 [26 February 2007]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

Small Business Administrtion (SBA)

Report on the Regulatory Flexibility Act, FY 2006 [26 February 2007]
Annual Report of the Chief Counsel for Advocacy on the Implementation of the Regulatory Flexibility Act and Executive Order 13272
February 2007
http://www.sba.gov/advo/laws/flex/06regflx.pdf
[full-text, 77 pages]

Research Summary
http://www.sba.gov/advo/laws/flex/06regflx_rs.pdf
[full-text,  2 pages]

Highlights
Advocacy's work in FY 2006 to implement the provisions
of the RFA and E.O. 13272 produced the following
results:

• Advocacy sent more than 40 public comment
letters to federal agencies detailing concerns about
proposed regulations. The largest share—about 30
percent—of the comments addressed inadequate
analyses of small entity impacts.

• Quantifiable cost savings were achieved in 16
regulations in FY 2006. These interventions saved
small businesses $7.25 billion in first-year costs and
$117 million in annually recurring savings.

• The cost savings figures only begin to capture
the totality of Advocacy's involvement and the
effects of the RFA in improving the regulatory
climate for small firms. Preproposal communications
with agencies mean that better regulations are being
drafted at earlier stages, even before costs have been
identified in many cases. Often these early stages are
where the greatest benefits are achieved.

• Advocacy continued to train agencies on how to
comply with the RFA and established an online training
site at www.sba.gov/advo/rfaonlinetraining.html

• The Office of Economic Research is a part of
Advocacy that continues to provide economic data
that helps agencies identify small business sectors
affected by specific regulations.

• In Advocacy's state-level RFA initiative, eleven
states introduced regulatory flexibility legislation
in 2006 and four states—Colorado, Georgia, South
Dakota and Tennessee—enacted regulatory flexibility
legislation or an executive order.

• Thirteen states and one territory had active
regulatory flexibility statutes as of 2006, and 29 had
partial RFA statutes.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
****************************************






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