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States Easing Regulatory Burdens on Small Firms
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BUY A REPRINTTexas and Maine recently joined a growing list of states that have enacted legislation to ease regulatory burdens on smaller businesses.
Last week, Texas signed into law a measure requiring assessments of the impact of all new state regulations on small businesses, along with mandatory proposals for alternative means of accomplishing the same objectives.
A similar law enacted in Maine two weeks earlier requires regulatory agencies to study the effect of any new regulations on small businesses and seek cheaper alternatives for achieving the same goals. Under the new legislation, state agencies must also make all findings available to the public for an open hearing on proposed regulations.
State Rep. Chris Rector said the move is aimed at strengthening Maine's entrepreneurial environment.
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