October 12, 2022
(Washington, D.C.) — U.S. Senator Jeanne Shaheen (D-NH), Senior Member, Senate Small Business and Entrepreneurship Committeeand U.S. Senator John Cornyn (R-TX) issued the following statement after President Joe Biden signed their bipartisan legislation – Small Business Compliance Act One Stop Shop – into law.
“For the past two years, small businesses in New Hampshire and across the country have endured a tough test as they navigate the daunting challenges posed by the pandemic. As many struggle to get back on their feet, it is important to have federal resources to guide small businesses business owners and reduce the time-consuming and confusing bureaucratic process. Now that our bipartisan bill has been signed into law, the Small Business Administration will be charged with taking action to do just that,” Shaheen says“By simplifying information and guidance on how to navigate federal compliance regulations, we reduce the burden on owners so they can focus more on their business and workforce. It’s a common-sense approach that allows Things just got a little easier for small business owners. I will continue to look for ways to make progress on issues like this in support of the small business community.”
“Small business owners have enough administrative tasks on their plate without the added burden of keeping track of constantly updated federal regulations,” Corning says“By creating an easily accessible and comprehensive website, this bill will ease the regulatory burden on small business owners and reduce the time they spend on red tape, and I thank my colleagues in Congress for helping pass this legislation to the finish line.”
This One Stop Shop for Small Business Compliance Act The Small Business Administration (SBA) will be required to create a centralized website with compliance guidance related to federal regulations affecting small businesses.The legislation, along with three other bipartisan bills led by Shaheen, passed the Senate last month.
Further details on the legislation can be found Gentlemen.
A senior member of the Senate Small Business and Entrepreneurship Committee and a former small business owner, Senator Shaheen is an active advocate for the New Hampshire small business community. During the COVID-19 pandemic, Shaheen works for small business owners hardest hit by the public health crisis. Her efforts to provide small businesses with the resources they need to withstand and recover from the economic impact of COVID-19, lead the negotiation Regarding the provisions in the Coronavirus Aid, Relief and Economic Security (CARES) Act, Established the Paycheck Protection Program (PPP) and expanded the Economic Injury Disaster Loan Program, both of which are lifelines for businesses in New Hampshire and across the country.