SBA Updates Status of r3 Initiative
The Small Business Administration's Office of Advocacy on Thursday released its first six-month update on the status of its top government regulations for review and reform.
The Regulatory Review and Reform, or r3 initiative, stems from demands from small business owners seeking transparency in the regulatory review and reform process. Small firms are often frustrated by a lack or information from federal bodies about the status of reforms, which spurred the Office of Advocacy to highlight specific agencies and their reactions, or lack of action, to reform requests.
Examples of highlighted recommendations include simplifying the rules for recycling solid waste, simplifying the home office business deduction and updating flight rules for the Washington, D.C. metro area. The actions each agency has taken to address the recommendations are detailed in a chart that will be updated as agencies announce updates, responses, reviews or reforms.
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