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SBA seeking public input on reducing regulatory burden
Kirill Abbakumov   on Tuesday, October 24, 2017 at 12:00:00 am

On October 15, 2017, the Small Business Administration (SBA) extended its comment period for a proposed rule on “Reducing Unnecessary Regulatory Burden”. The information obtained from the public will assist SBA in identifying which regulations should be repealed, replaced, or modified because they are obsolete, unnecessary, ineffective, or burdensome.

SBA has an ongoing responsibility to ensure that the regulations it issues do not have an adverse economic impact on those affected by the rules. This responsibility has been reinforced in various executive orders that have expressly directed agencies to review their regulations with an eye towards reducing the time and money the public must spend to comply with the regulatory requirements.

One of SBA's primary objectives in carrying out these efforts is to continue to promote economic growth, innovation, and job creation in the small business sector, and to ensure that disaster survivors have the clear policy and procedural guidance they need to quickly obtain financial assistance to rebuild their lives. Anyone responding to SBA's request for feedback should keep these objectives in mind.

SBA has previously announced its request for information seeking input from the public on August 15, 2017, and is now extending it until November 15, 2017. Comments can be submitted through the Federal Register.