President Biden has signed the One Stop Shop for Small Business Compliance Act

On Monday of this week, President Biden signed the bipartisan One Stop Shop for Small Business Compliance Act. The bill was cleared by both the House and Senate.

“Now more than ever, we must pursue commonsense legislation that allows small businesses to thrive in our recovering economy,” said one of the sponsors of this bill Rep. Van Duyne (R) said in an April press release. “Often times, small businesses are unaware of their new responsibilities as federal laws are updated. The One-Stop Shop for Small Business Compliance Act of 2021 will consolidate the resources necessary to navigate the seemingly never-ending web of bureaucratic red tape.” Said Van Duyne

“We should be doing everything in our power to support small businesses in New York and across the country by making the resources available to them clear and easy to access”  said another sponsor Rep. Delgado (D).

Current law requires federal agencies to publish small business compliance guides for certain regulations. However, these guides are housed on different agency websites, making it nearly impossible for small businesses to find and utilize them. The One-Stop Shop for Small Business Compliance Act of 2021 creates a centralized, online “one-stop shop” for small business owners. The online clearinghouse would also list contact information for the appropriate agency staff who could provide regulatory assistance to small businesses.

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