« Importance of Planning for Family Businesses | Entertainment Entrepreneurs Seek Positive Contributions to Pop Culture »
November 29, 2004
Pennsylvania Could be Next State to Enact Regulation Reform for Small Business
A version of the Regulatory Flexibility Act (RFA) is awaiting Gov. Rendell's signature in Pennsylvania, as reported in a news release from the Office of Advocacy of the SBA.
"HB 2442 unanimously passed both houses of the Pennsylvania General Assembly, which sent it to Governor Rendell for his signature on November 22. He has until December 2 to sign the bill. The bill will strengthen Pennsylvania's Independent Regulatory Review Commission (IRRC) in its role of the reviewing regulations. If signed, the legislation will require state regulators to consider the financial, economic, and social impact of new regulations on small businesses.
"The bill implements some elements of small business friendly regulatory legislation put forward as a model by the Office of Advocacy of the SBA. Similar to the federal Regulatory Flexibility Act (RFA), the model encourages entrepreneurial success by requiring state agencies to consider their impact on small business before they issue final regulations.
"The model legislation, endorsed by the American Legislative Exchange Council (ALEC), has been considered in 17 states. In the past year, small business regulatory flexibility has been signed into law by governors in Connecticut, Kentucky, Missouri, Rhode Island, South Carolina, South Dakota, and Wisconsin."
Posted November 29, 2004 05:32 AM
Trackback Pings
TrackBack URL for this entry:
http://forum.belmont.edu/mt/mt-tb.cgi/822
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
