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Regulatory Flexibility Law Benefits Small Business
Larry Mocha may be the rare entrepreneur who doesn’t need to worry about state regulators quietly introducing rules that could hurt his business. Instead, Mocha, the owner of Tulsa’s Air Power Systems, a $4 million, 30-employee manufacturer of cylinders and valves for trucks, says: “Heads of various government agencies call me to get my opinion on the new rules, which shows they care.”It also shows they’re obeying the law. In 2002, Oklahoma became the first to pass a so-called regulatory flexibility law using language provided by the Small Business Administration. The 2002 law requires the governor to appoint a group of business owners that will work with state agencies to ensure new rules aren’t unduly burdensome on small companies. Entrepreneurs can sue agencies that short-circuit the process. Mocha chairs Oklahoma’s committee, but in most other states, committees are still being formed.
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