Small business owners are at least one step closer to cutting federal red tape.
The U.S. House of Representatives has passed the Small Business Paperwork Relief Act (H.R. 327) to:
- Require federal agencies to reduce paperwork for businesses with fewer than 25 employees;
- Create a task force to study how federal paperwork requirements can be streamlined;
- Require each federal agency to create a single point of contact for small businesses needing guidance with federal paperwork; and
- Require the Office of Management and Budget to publish an annual list of all federal paperwork requirements of small businesses.
- Don't breathe a sigh of relief yet. The issue still needs approval in the Senate; it's been referred to the Governmental Affairs Committee.
How to reach: H.R. 327 sponsor Rep. Dan Burton, R-Ind., (202) 225-2276; Sen. Fred Thompson, R-Tenn., chair of the Senate's Governmental Affairs Committee, (202) 224-4944. Search for more details on H.R. 327 at thomas.loc.gov.