Small businesses were spared nearly $12 billion in regulatory compliance costs thanks to the Small Business Administration’s Office of Advocacy’s role in the rule-making process last year.
That’s according to the office’s annual report on what it does to make sure that federal agencies consider how their regulations affect small businesses. The office’s job is to enforce the Regulatory Flexibility Act (RFA), which requires agencies to analyze the effects of their rules on small businesses and consider less-burdensome alternatives.
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