John Tierney: “Mr. Chairman, H.R. 327 is a substantial improvement over the small business paperwork bills that were considered by the…”

“Mr. Chairman, H.R. 327 is a substantial improvement over the small business paperwork bills that were considered by the House in the last two Congresses because in the last two Congresses, these contained controversial penalty provisions, and they have since been removed. This bill includes provisions suggested by the Democratic minority that will reduce the paperwork burden on truly small businesses. Mr. Chairman, small businesses as everyone is familiar with, are the backbone of the economy and, now, are where the new jobs are being created. However, many small- and family-owned businesses spend a great deal of their resources learning about and complying with applicable laws. I am very pleased that we are looking at ways to make it easier for small businesses to understand what information they are required to provide and the ways to simplify and streamline the paperwork process. Mr. Chairman, H.R. 327, as amended, requires the Office of Management and Budget to annually produce a list of information collection requirements applicable to small businesses and to do that in a manner that is useful to small businesses.”