Small Business Statutes

Learn about the various government statutes affecting how small businesses do business.

• Regulatory Flexibility ActThe Regulatory Flexibility Act requires federal agencies to review regulations for their impact on small businesses and consider less burdensome alternatives.
• Administrative Procedure Act (5 U.S.C. Subchapter II) The Administrative Procedures Act (APA) ( 5 U.S.C. §§ 551-59, 701-06, 1305, 3105, 3344, 5372, 7521) was passed in 1946 to clarify the process of making regulations, and to allow greater accessibility and participation by the public ...
• Unfunded Mandates Reform Act The Unfunded Mandates Reform Act provides that each bill must be analyzed for its impact on local government and other entities before it can be voted on. In this way, its impact is known to the legislators before they impose it. Title I: ...
• Paperwork Reduction Act of 1980 The Paperwork Reduction Act requires all proposed regulations to be analyzed for the paperwork that they require and that paperwork be reduced to a minimum. A regulation which creates a new paperwork requirement must be cleared by the Office ...
• Small Business Paperwork Relief Act of 2002 This law institutes a process to make paperwork reduction a serious, ongoing effort and introduces measures to make it easier for small businesses to comply with the law. The law: requires the Office of Management and Budget to ...
• Small Business Paperwork Relief Task Force The Small Business Paperwork Relief Act of 2002 ("SBPRA") requires a Task Force (chaired by the Office of Management and Budget and comprised of the Office of Advocacy and other federal agencies) to consider the federal paperwork ...
• Equal Access to Justice Act (EAJA) The Equal Access to Justice Act (EAJA) (5 U.S.C. § 504; 28 U.S.C. § 2412) provides for the award of attorney fees (up to $125 per hour) and other expenses to eligible individuals and small entities that are parties to litigation ...
• Memorandums of Understanding Government agency memorandums related to small business concerns.