News

South Dakota Supports Small Business – Gives Voice To Small Business In State Regulatory Process

South Dakota small business will face a
friendlier regulatory environment, thanks to new legislation signed into
law by Governor Mike Rounds. The new law gives South Dakota’s small
businesses a voice in the state’s regulatory process.

“Governor Rounds has worked closely with the legislature to bring
small business issues to the forefront of the legislative session,” said
Thomas M. Sullivan, Chief Counsel for Advocacy. “This law gives small
businesses a seat at the table when regulatory decisions are made. Without
the hard work of Governor Rounds, and the bill’s sponsors, Senator Eric
Bogue and Representative Bill Peterson, it never would have happened,” he
said.

Senate Bill 112 implements elements of small business friendly
regulatory legislation (http://www.sba.gov/advo/laws/law_modeleg.html) put
forward as a model by the Office of Advocacy of the SBA. Similar to the
federal Regulatory Flexibility Act (RFA), it encourages entrepreneurial
success by requiring state agencies to consider their impact on small
business before they issue final regulations.

Jerry Wheeler, executive director of the South Dakota Retailers
Association and several other small business groups, including the National
Federation of Independent Business, and the South Dakota and Sioux Falls
Chambers of Commerce, led private sector support for the bill.

“The Office of Advocacy saved small business owners over $6 billion
in foregone regulatory compliance costs last year alone,” said
Sullivan. “We did that by bringing the voice of small business to federal
agencies early in the regulatory process. The same thing can happen in the
states when they adopt small business friendly regulations,” he said.

By listening to small business, state agencies can ensure that
small business resources spent on overly burdensome new regulations are
instead available for hiring new employees and making new investments. At
the same time, agencies still meet their regulatory goals, such as higher
environmental quality, greater travel safety, better workplace conditions,
and increased family financial security.

The Office of Advocacy, the “small business watchdog” of the
federal government, examines the role and status of small business in the
economy and independently represents the views of small business to federal
agencies, Congress, and the President. It is the source for small business
statistics presented in user-friendly formats and it funds research into
small business issues. For more information, visit the Office of Advocacy
website at http://www.sba.gov/advo.

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Created by Congress in 1976, the Office of Advocacy of the U.S. Small
Business Administration (SBA) is an independent voice for small business
within the federal government. Appointed by the President and confirmed by
the U.S. Senate, the Chief Counsel for Advocacy directs the office. The
Chief Counsel advances the views, concerns, and interests of small business
before Congress, the White House, federal agencies, federal courts, and
state policy makers. Economic research, policy analyses, and small
business outreach help identify issues of concern. Regional Advocates and
an office in Washington, DC, support the Chief Counsel’s efforts. For more
information on the Office of Advocacy, visit http://www.sba.gov/advo, or call
(202) 205-6533.

Contact: John McDowell (202) 205-6941

[email protected]

SBA Number: 04-08 ADVO

** Visit Advocacy’s Regulatory Alerts page to learn about and comment on
proposed federal rules that may affect small business:
http://www.sba.gov/advo/laws/law_regalerts.html. **

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