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May 26, 2004

Update on State Regulation Reform for Small Business

National Dialogue on Entrepreneurship also has an update on state initiatives to reform regulations to make them more small business friendly:

"Last week, South Carolina Governor Mark Sanford signed into a law a new proposal, the Small Business Regulatory Relief Act that will require state agencies to assess the impact of any proposed new rules and regulations on the state?s small business. The law is good news for South Carolina?s entrepreneurs, and it?s also part of a wider national movement to increase small business input in regulatory decision-making. Beginning in 2002, the Small Business Administration?s (SBA) Office of Advocacy developed model draft legislation to enhance regulatory flexibility. This draft plan was ultimately endorsed by the American Legislative Exchange Council (www.alec.org) and promoted as a means to give small businesses a voice in the regulatory process. While South Carolina is the latest convert, similar proposals (as both laws and executive orders) have been enacted in South Dakota, Wisconsin, North Dakota, Nevada, Oklahoma, Michigan, New York, Connecticut, and Arizona."

Posted May 26, 2004 02:07 PM

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