On Oct. 21, NRCA members attending the association's Fall Committee Meetings and Legislative Conference will descend on Washington, D.C., to voice their views and concerns regarding government policy directly to lawmakers on Capitol Hill. This exercise is critically important to advancing NRCA's message on key issues.
One priority for NRCA members during the legislative conference will be to demonstrate support for legislation designed to provide relief from burdensome government regulations. NRCA continues to hear concerns from numerous federal agencies. Moreover, it is expected the Obama administration will continue with an aggressive regulatory agenda until the president's term ends in January 2017.
A time for change
Clearly, the effect of regulations on the economy is significant and growing. In 2011, the Small Business Administration estimated the total cost of compliance with all federal regulations nationally was $1.75 trillion. The Competitive Enterprise Institute, a market-oriented research institute, estimated the nationwide cost of regulations at $1.88 trillion in 2014.