Small Business Regulation under the Obama Administration

by Norris Law Group on August 8, 2014

Small Business Regulation under the Obama AdministrationOver 800 new federal regulations affecting small businesses were added to the Federal Registry’s Unified Agenda each year from 2010-2012 under the Obama Administration. In 2009, Obama’s first year in office, did the number of new federal regulations on small businesses fall below 800 (758). Clyde Wayne Crews, Jr., Policy Director of the Competitive Enterprise Institute and author of the annual “Ten Thousand Commandments report on federal government regulations, writes about this for Forbes Magazine.

According to Crews, the last time the number of federal regulations exceeded 800 was in 2003, under the Bush (43) Administration.  The year 2010 saw 845 new federal regulations affecting small businesses, while 2011 brought 822 and 2012 ended with 854. In his recently published 2014 Ten Thousand Commandments report, which is current as of the end of 2013, Crews says that of 3,305 new federal regulations added to the Federal Registry, 669 affect small businesses (p.3), down about 24% from the previous year.

In his 2014 report, Crews calls federal regulation “the hidden tax,” and provides some figures as to how much federal regulation costs small businesses throughout the country. On page 3 of the 2014 Ten Thousand Commandments report, Crews says that the most recent figures available from the Small Business Administration put the cost of federal regulation at $1.752 trillion in 2008. A subset of just 115 regulations passed between 2002-2012 have a projected cost to small businesses of between $54 billion and $84 billion.

Attorney Graham Norris and his associates at the Norris Law Group serve the residents of Utah County, UT and throughout Utah, Wyoming and Idaho. Contact them today at 801-932-1238 or online for a free consultation.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: