U.S. Senators Katie Britt, Roger Marshall, Colleagues Introduce Bill to Ease Burden on Small Businesses

WASHINGTON, D.C., June 3, 2024 – U.S. Senators Katie Britt (R-Ala.) and Roger Marshall (R-Kans.), along with their colleagues Senators Mike Braun (R-Ind.), Ted Budd (R-N.C.), and Rick Scott (R-Fla.), recently introduced the Small Business Regulatory Reduction Act, legislation aimed at protecting small businesses from the financial burden of top-down federal regulations.

Often, when Washington, D.C., imposes regulations, it comes at a significant cost to locally-owned businesses. In 2022 alone, complying with regulations cost American small businesses an average of $14,700 (adjusted for 2023 dollars) per employee on their payroll. The Small Business Regulatory Reduction Act would alleviate these costs and require the Administration to submit an annual report to Congress outlining the impacts of regulations on small businesses. 

“I’m proud to join my colleagues in introducing this commonsense legislation to alleviate burdens on small businesses, who already have to contend with persistently high inflation on top of the Biden Administration’s red tape regime,” said Senator Britt. “From entrepreneurs just starting out to the established, family-owned shops on Main Streets across our great state and nation, I will continue to fight tirelessly for small businesses and the families they support.”

“Washington D.C.’s top-down regulatory approach hurts our small businesses – the backbone of our economy – the most,” Senator Marshall said. “Main Street merchants are constantly under attack from this Administration’s onslaught of regulations and jumping through unnecessary and costly hoops to provide services to our communities. I am proud to join Rep. Beth Van Duyne in fighting for this important legislation that addresses our small businesses’ concerns and stands up to the Administration’s relentless attacks.”

Congresswoman Beth Van Duyne (R-TX-24) introduced similar legislation in the U.S. House of Representatives last year.

Read the full text of the bill here.

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