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®: CRE Regulatory Action of the Week

SBA Will Hold Press Conference to Announce Top 10 r3 Rules

On February 28, 2008, the U.S. Small Business Administration‘s Office of Advocacy will announce its Top 10 Rules for Review and Reform. The announcement will occur at a national news conference and panel discussion from 10:00 to 11:00 am (eastern) in the Zenger Room of the National Press Club, 14th Street NW, Washington, D.C.

The rules were selected by SBA with input from the public and other agencies. This regulatory review and reform initiative, or “r3,” proceeds under the Regulatory Flexibility Act, and was launched in August 2007. The Office of Advocacy’s website explains:

"r3, is designed to identify and address existing federal regulations that should be revised because they are ineffective, duplicative, or out of date. r3 is a tool for small business stakeholders to suggest needed reforms. r3 includes the process under Section 610 of the Regulatory Flexibility Act for agencies to consider whether their current regulations are still needed, and the degree to which technology, economic conditions, or other factors have changed since their rules were first promulgated. r3 also includes a process by which interested stakeholders can nominate existing regulations for reform, and monitor the progress that agencies make toward achieving those reforms."

This is a very important and useful regulatory reform program. We encourage the public to attend the press conference and panel discussion

  • Click here to read SBA Advocacy’s press release:
  • Click here to read SBA Advocacy’s website discussion of r3