SBA Administrator Addresses Federal Regulatory Reform

On Aug 28, 2017

Administrator Linda McMahon, head of the US Small Business Administration, encouraged small businesses to comment on the Federal Register notice posted earlier this month. The notice is in response to President Trump’s Executive Order 13777 which aims to ease the burdens placed on America’s small businesses.  Under this Executive Order all federal agencies are required to designate a Regulatory Reform Officer and develop a process of evaluating their existing regulations and determine which ones should be repealed, replaced or modified.

“As I travel the country meeting with small business owners, I hear over and over again about the volume of regulations they must comply with and how difficult it is to manage the burden. So I’ve appointed a taskforce here at SBA to help identify SBA regulations that need to be changed or eliminated.” McMahon said, “Your feedback will help SBA do its part to identify which SBA regulations may be impeding small business economic growth, innovation and job creation.”

SBA New Jersey District Director Al Titone said, “We stand with Administrator McMahon and encourage New Jersey small business owners, lenders, associations and other small business resources to help the SBA identify existing regulations that may be impeding the growth of small businesses throughout New Jersey.  When the Administrator met with New Jersey small business owners, as part of her Ignite Tour on June 2, she promised them a platform where they could voice their concerns and help the SBA to do  away with unnecessary and burdensome regulations or provide us with suggestions that will help us to  improve upon existing rules.”

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