May Newsletter: Join Advocacy for Regulatory Reform Roundtables in Arkansas, Tennessee, and Mississippi

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May Newsletter Banner: Join Advocacy for Regulatory Reform Roundtables in Arkansas, Tennessee, and Mississippi
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Join Us for AR, TN, MS Roundtables

Advocacy is hosting three Regional Regulatory Reform Roundtables in Jonesboro, Ark.; Memphis, Tenn.; and Jackson, Miss., on June 4, 5, and 6. The purpose of the small business roundtables is to hear, firsthand, from small businesses facing regulatory burdens. Come tell us which federal agency regulations should be considered for reform or elimination. Click below to register for free.

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Advocacy Testifies on the Hill

Acting Chief Counsel for Advocacy, Major L. Clark, III, testified on Capitol Hill on May 22. He appeared before the U.S. Senate Committee on Small Business and Entrepreneurship, and the Committee on Homeland Security and Government Affairs, Subcommittee on Regulatory Affairs and Federal Management. Clark presented testimony about the Office of Advocacy and the federal rulemaking process.

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OK, AZ, NV Roundtables Recap

In Oklahoma City, Phoenix, and Summerlin, Nev., Advocacy heard from small businesses concerned with banking, labor, trade, transportation, and environmental regulations. Small businesses continue to tell Advocacy that more work is needed in the federal regulatory reform arena and that they are extremely appreciative that someone in government has finally come to listen to their concerns.

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RECENTLY PUBLISHED

Small Business Facts: Spotlight on Minority-Owned Employer Businesses

In this fact sheet, economic research fellow Nora Esposito provides general information on the 1.1 million minority-owned employer businesses in the United States and highlights the demographic growth and economic contributions of these businesses.

Oysters and Overtime: Advocacy Visits Alabama to Hear About the New Labor Department Proposal

The owner of a popular Mobile, Ala., seafood restaurant discusses the Department of Labor's proposed Overtime Rule and federal regulations impacting his small business.

Are Rural Communities Being Ignored?

These rural communities want to work, and they want to follow federal laws. However, in many instances, the regulations seem to impede the ability to use their resources.

REGULATORY CORNER

DOE Seeks Comments on Modifications to Test-Procedure Waiver Process

The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (DOE) published a proposed rule to streamline the decision-making process for granting test procedure waivers. Written comments are due by July 1, 2019.

IRS Requests Comments on Investing in Qualified Opportunity Funds

The Internal Revenue Service (IRS) issued a notice of proposed rulemaking (NPRM) for guidance under section 1400Z-2 of the Internal Revenue Code relating to capital gains that may be deferred as a result of investing in a qualified opportunity fund. Written comments are due by July 1, 2019.

STATE SMALL BUSINESS PROFILE SPOTLIGHT

Q: How many small businesses are in the United States?

A: The 2019 Small Business Profiles show that the United States has 30.7 million small businesses.

Q: How many jobs were added in the United States by small businesses?

A: Small businesses added 1.8 million net new jobs in the United States in 2016, the latest year available.

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