January-February Newsletter: Advocacy Helps Small Businesses Seek Relief from Federal Regulations

u s small business administration office of advocacy newsletter
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What Small Businesses Are Saying and What Advocacy Is Doing About It and What Advocacy Is Doing About It
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Reg Reform Report Released

Through its Regional Regulatory Reform Roundtable initiative, Advocacy's new report outlines the top small business regulatory issues and progress that has been made so far. What Small Businesses Are Saying and What Advocacy Is Doing About It: Progress Report on the Office of Advocacy’s Regional Regulatory Reform Roundtables is available here.

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Advocacy Releases Trade Report

Pursuant to section 502 of TFTEA, Advocacy's new report outlines the views of small business on the potential economic effects of a renegotiated NAFTA. Section 502 Small Business Report on the Modernization of the North American Free Trade Agreement (NAFTA): Prepared for the Consideration of the United States-Mexico-Canada Agreement (USMCA) is available here.

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Small Biz GDP Report Released

Small businesses are the lifeblood of the U.S. economy: they create two-thirds of net new jobs and drive U.S. innovation and competitiveness. A new report shows that they account for 44 percent of U.S. economic activity. Advocacy has sponsored research on small businesses’ contribution to GDP since 1980. Small Business GDP, 1998-2014 is available here

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RECENT PUBLICATION

Small Business Facts: Spotlight On Veteran-Owned Employer Businesses

In this fact sheet, economic research fellow Nora Esposito provides general information on the nearly 380,000 veteran-owned employer businesses in the United States. In addition to an overview of these businesses, the fact sheet examines business owner demographics, as well as the industries and geographies in which veteran-owned employer businesses are active. Click here to view the fact sheet.

REGULATORY CORNER

EPA Provides An Exemption For Recalled Airbags In An Interim Final Rule

The Environmental Protection Agency (EPA) published an interim final rule to address the ongoing Takata airbag recalls by facilitating the removal and disposal of the airbag waste. The rule is effective immediately. See the interim final rule here.

USCIS Proposes Pre-Registration Requirement To H-1B Visa Lottery Process

The U. S. Citizenship and Immigration Services (USCIS) proposed to amend its regulations for applying for H-1B visas for temporary foreign workers in specialty occupations. The rule would create a mandatory online preregistration system, where employers file online registrations for intended workers during a two-week period before April 1. USCIS would conduct a lottery and select enough registrations to meet the H-1B cap numbers.

FREQUENTLY ASKED QUESTIONS

Q: How many businesses do veterans own?

A: In 2012, veterans owned 2.5 million businesses, or 9.3% of U.S. firms.

Q: How many businesses open and close each year?

A: In 2015, there were about 414,000 startups (firms less than one year old) and 396,000 firm closures.

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