For experts interested in the variability of regulatory policies accross the United States, significant of a certain type of regulatory competition, here is a new development worth noting. The governor of Pennsylvania has just enacted a new act to protect SMEs, giving further substance to principles contained in the Federal Regulatory Flexibility Act of 1980. Similar acts exist in other states, example: Illinois.
Pennsylvania's new Small Business Regulatory Reform Act, amends the State Regulatory Review Act to require state agencies to consider the impact of any proposed regulations on small businesses. Similar protection exists in the European Union under the Small Business Act policy of 2008, to adjust regulation according to the size of companies and avoid the "one-size-fits-all" solution.
The PA Small Business Regulatory Reform Act requires state agencies to identify the types of small businesses that would be impacted as well as the potential administrative costs of proposed regulations. If a proposed regulation is determined to have an adverse impact on small businesses, the Independent Regulatory Review Commission must provide a less intrusive or costly alternative that still achieves the intended statutory purpose. The objective is to require agencies to seek input from small business to better balance public welfare with economic growth. Additional competitiveness is to be obtained by reducing unnecessary regulatory hurdles and costly mandates. For good background note, see Small Business Council.
Meanwhile in the UK, the importance of cutting red tape specifically for SMEs is confirmed by new research published today by smallbusiness.co.uk an online advice site.
Pennsylvania's new Small Business Regulatory Reform Act, amends the State Regulatory Review Act to require state agencies to consider the impact of any proposed regulations on small businesses. Similar protection exists in the European Union under the Small Business Act policy of 2008, to adjust regulation according to the size of companies and avoid the "one-size-fits-all" solution.
The PA Small Business Regulatory Reform Act requires state agencies to identify the types of small businesses that would be impacted as well as the potential administrative costs of proposed regulations. If a proposed regulation is determined to have an adverse impact on small businesses, the Independent Regulatory Review Commission must provide a less intrusive or costly alternative that still achieves the intended statutory purpose. The objective is to require agencies to seek input from small business to better balance public welfare with economic growth. Additional competitiveness is to be obtained by reducing unnecessary regulatory hurdles and costly mandates. For good background note, see Small Business Council.
Meanwhile in the UK, the importance of cutting red tape specifically for SMEs is confirmed by new research published today by smallbusiness.co.uk an online advice site.
This comment has been removed by a blog administrator.
ReplyDelete