|At yesterday’s Senate Small Business and Entrepreneurship Committee hearing on examining how small businesses confront and shape regulations, U.S. Senator Joni Ernst, a member of the committee, discussed with hearing witness Mr. Randy Noel, President of Reve Inc. and First Vice Chairman of the National Association of Home Builders, the rules and regulations that impact America’s small businesses.
Senator Ernst highlighted her legislation, the Prove It Act, which would provide a check on federal agencies that too often issue rules without completing enough analysis to determine how that rule would impact small businesses. As an example, the Iowa Senator referenced the Waters of the U.S. rule, which would cover 97 percent of Iowa. Mr. Noel agreed that the opportunity for a second look at these federal agencies’ analysis would be beneficial to the small businesses who felt they were unjustly fined.