SBE Council sent a letter to all U.S. House members today to let them know that we will KEY VOTE H.R. 4078, the Red Tape Reduction and Small Business Jobs Creation Act, for our upcoming "Ratings of the 112th Congress." The House will vote on H.R. 4078 today.
As I noted in my letter to all Members of the U.S. House: "This important piece of legislation will bring more accountability to the regulatory process and place restraints on a system and policies that are creating excessive burdens, costs, and uncertainties for America’s small businesses."
H.R. 4078 is not only long overdue, but represents a critical emergency measure that will help get our economy back on track. The legislation would place a moratorium on all new major regulations until the unemployment rate decreases to 6% or lower, would prevent "midnight" regulations and implement other reforms and requirements to bring sanity back to the federal regulatory system.
As I noted in the KEY VOTE letter: "Excessive, unnecessary and politically motivated regulation must end if the U.S. economy is to return to growth. The future of the U.S. economy is at stake. The volume and scale of regulation advanced over the past three and one-half years has accelerated the decline in U.S. competitiveness, and is driving investment and opportunities to more hospitable nations. Furthermore, the uncertainty and costs associated with vast regulatory initiatives implemented and in the works are depressing U.S. investment, small business confidence, job creation and economic growth."
Again, H.R. 4078 is long overdue and is necessary to help bring our economy back to strong levels of growth.
Karen Kerrigan, President & CEO