^®: CRE Regulatory Action of the Week

SBA Office of Advocacy Releases FY 2001 Annual Report on Implementation of the Regulatory Flexibility Act
The Small Business Administration (SBA) has released its FY 2001 Annual Report of the Chief Counsel for Advocacy on Implementation of the Regulatory Flexibility Act. That Act requires federal regulatory agencies to analyze the impacts of proposed regulations on small entities and to consider equally effective alternatives that do not unduly burden small businesses. In assessing agency compliance with the law, this year's Annual Report found that American small business saved over $4.4 billion in regulatory compliance costs in FY 2001 due to the Office of Advocacy's efforts. CRE strongly supports SBA in its mission to reduce regulatory burdens.