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Thursday, February 17, 2011

postheadericon Countering Americaâs regulatory burden: Congress sees jobs as topmost priority

Rep. Darrell Issa (R-Calif.), Chairman of the House Committee on Oversight and Government Reform, recently held a hearing on “Regulatory Impediments to Job Creation.” Entrepreneurs and business leaders reported on how specific regulations are hurting their competitiveness and growth. They made clear that countless federal rules and policies that have advanced over the past two years or more, on top of existing regulatory burden, remain a deterrent to hiring and investment.

The hearing followed outreach by Chairman Issa where he asked business leaders and job creators to specify what regulations or initiatives are hampering job creation. Our organization, the Small Business & Entrepreneurship Council, provided input and participated in the February 10 hearing.

Soon after, the House passed H.R. 72, which directs certain committees to review existing, pending, and proposed regulations that are impeding job growth. In line with Chairman Issa’s! approach, members of Congress would be charged with making job creation a topmost priority and recommending actions to relieve business owners of unneeded costs and uncertainty.

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