01 Dec: Sarlo/Van Drew Bill To Give Small Businesses Greater Power To Fight Detrimental Regulations Advances

TRENTON – The Senate Economic Growth Committee today released legislation Senators Paul Sarlo and Jeff Van Drew sponsored to broaden the ability of a small business to challenge bureaucratic rules and regulations it believes are detrimental to business.

Under current state law – the Regulatory Flexibility Act – state agencies must seek to create regulatory structures that accomplish the goals of a law while minimizing adverse impacts on businesses which employ 100 or fewer people, including allowing differing compliance and reporting requirements as well as regulatory exemptions. The Sarlo/Van Drew measure (A-2129/S-1336) would broaden the Act’s definition of “small business” to also include those which have gross annual sales of less than $6 million.