Rep. Crank Votes to Protect Small Businesses, Cut Red Tape and Costs for Main Street

WASHINGTON, D.C. -- Today, Representative Jeff Crank (CO-05) voted in favor of The DUMP Red Tape Act and the Small Business Regulatory Reduction Act which both work to protect Main Street America.

The Destroying Unnecessary, Misaligned, and Prohibitive (DUMP) Red Tape Act gives small businesses a direct line to the Small Business Administration (SBA) Office of Advocacy to report burdensome regulations that are affecting their businesses. 

The Small Business Regulatory Reduction Act requires the SBA to ensure that any new SBA regulations cost small businesses ZERO dollars.

"It is imperative that we make it easier for small businesses to grow and thrive in our communities," said Rep. Jeff Crank. "These two bills will ultimately set up our local Colorado businesses to cut through red tape and ensure no business owners are burdened with extra costs that come with new rules coming out of Washington, DC.”

Background: 

DUMP Red Tape Act: 

• Small businesses need a permanent hotline to share how federal regulations and other agency actions may impact their ability to operate and grow.                   
• Requires Advocacy to annually report the feedback received through the hotline.

Small Business Regulatory Reduction Act:

• The Biden-Harris Administration imposed a historic $1.8 trillion in increased regulatory costs on businesses, while crushing the American economy with record-high inflation.
• In response, President Trump issued Executive Order 14192, “Unleashing Prosperity Through Deregulation,” to alleviate American businesses from overly burdensome regulations.
• As the backbone of our economy, Main Street and local businesses need assurance that it can continue to grow without unnecessary costs. 

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