Regulations are being implemented and replicated at an excessive rate. Business owners are forced to spend time and money towards regulatory compliance, increasing the costs to maintain a business. Compliance costs oftentime force small-businesses to exceed their budgets, leaving the business owner with little choice but to lay off workers and in the worst-case scenario, lose the business altogether.
The Family Business Coalition support holding federal agencies accountable in the rulemaking process. Limiting the growth of future regulations and reducing the current number of regulations will create a strong economy.