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Government Regulation And Small Business, Testimony Prepared For The U.S. House Of Representatives Committee On Small Business, Murray L. Weidenbaum

Murray Weidenbaum Publications

This testimony presents four major points regarding H.R. 7739 "Small Business Impact Statement Act of 1977" and H.R. 10632 "Small Business Regulatory Relief Act." First, there is concern that regulation hits smaller business disproportionately hard. Second, requiring a regulatory impact statement is a good one, as it helps government understand the effects of its actions. Third, the amount of paperwork required by specific impact statements is concerning. Finally, public policy would be better served by requiring a single comprehensive impact statement prior to the issuance of each new regulation.