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Luetkemeyer Sends Letter to Biden, Yellen, and Guzman Urging for Reduced Regulations on Small Businesses
WASHINGTON, D.C. – Today, Ranking Member Luetkemeyer (R-MO) sent a letter to President Biden, Department of the Treasury Secretary Yellen, and Small Business Administrator Guzman urging for a reduction in regulations on our nation's small businesses. As the COVID-19 pandemic has presented unprecedented challenges to our nation's small businesses, the Biden administration must provide a smart regulatory, tax, and capital access environment that allows them to provide the highest level of service to their customers and their communities. Excerpts and the link to the full letter can be found below.
"The best way to ensure small businesses prosper is to allow small businesses, entrepreneurs and startups to freely make decisions and innovate. The magic of the small business ecosystem is in the collective impact of all small businesses on our economy... In order to propel this country forward, we must provide a fair, free, egalitarian environment for all small businesses to be transformative, to reach their full potential regardless of sex, race, color, or creed.
"Unfortunately, recent actions undertaken by your office threaten the security of a pared-back, streamlined regulatory landscape that directly contributed to the explosive pre-COVID growth experienced by small businesses... We will be monitoring these actions to make sure your Administration follows the proper steps in the formal rulemaking process and does not prematurely enforce guidance that would lead to bureaucratic over-reach. We saw how this practice turned out during the Obama administration, and we hope these types of missteps will be avoided.
"Rather than sacrificing valuable time and resources on managing paperwork, bureaucratic red tape, and compliance burdens, small businesses should be concentrating on building the next great American service or product."
The link to the full letter can be found HERE.
"The best way to ensure small businesses prosper is to allow small businesses, entrepreneurs and startups to freely make decisions and innovate. The magic of the small business ecosystem is in the collective impact of all small businesses on our economy... In order to propel this country forward, we must provide a fair, free, egalitarian environment for all small businesses to be transformative, to reach their full potential regardless of sex, race, color, or creed.
"Unfortunately, recent actions undertaken by your office threaten the security of a pared-back, streamlined regulatory landscape that directly contributed to the explosive pre-COVID growth experienced by small businesses... We will be monitoring these actions to make sure your Administration follows the proper steps in the formal rulemaking process and does not prematurely enforce guidance that would lead to bureaucratic over-reach. We saw how this practice turned out during the Obama administration, and we hope these types of missteps will be avoided.
"Rather than sacrificing valuable time and resources on managing paperwork, bureaucratic red tape, and compliance burdens, small businesses should be concentrating on building the next great American service or product."
The link to the full letter can be found HERE.