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Tailoring Regulation to the Regulated: The U.S. Regulatory Flexibility Act

In: Business Regulation and Public Policy

Author

Listed:
  • William J. Dennis

    (NFIB Research Foundation)

Abstract

Many consider regulatory relief for small business and implementing regulatory objectives a zero-sum game. The U.S. Regulatory Flexibility Act (RFA) of 1980 directly challenges the zero-sum game proposition by requiring regulatory agencies to search for non-zero-sum solutions for regulations having a significant impact on a substantial number of small businesses. This presentation evaluates the Regulatory Flexibility Act, concluding that results have been increasingly positive over time. Yet, the lack of formal measurement, reduced through continuing bureaucratic resistance, and a perceived need for additional legislative modification cloud the generally favorable assessment.

Suggested Citation

  • William J. Dennis, 2009. "Tailoring Regulation to the Regulated: The U.S. Regulatory Flexibility Act," International Studies in Entrepreneurship, in: André Nijsen & John Hudson & Christoph Müller & Kees Paridon & R. Thurik (ed.), Business Regulation and Public Policy, chapter 0, pages 1-13, Springer.
    • Handle: RePEc:spr:inschp:978-0-387-77678-1_6
    DOI: 10.1007/978-0-387-77678-1_6
    as

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