S. 4674: Destroying Unnecessary, Misaligned, and Prohibitive Red Tape Act

This bill, formally known as the "Destroying Unnecessary, Misaligned, and Prohibitive Red Tape Act" or "DUMP Red Tape Act," aims to streamline the way small businesses can voice their concerns about burdensome regulations. Here are the key components of the bill:

1. Establishment of the Red Tape Hotline

The bill mandates the creation of a Red Tape Hotline by the Chief Counsel for Advocacy of the Small Business Administration (SBA). This hotline is intended to allow small entities—like small businesses and non-profits—to notify the government about any difficulties they face in complying with rules and regulations from various federal agencies.

2. Methods for Notification

The hotline will include:

• A dedicated phone number
• An email address
• An online submission form
• A website for easy access

3. Reporting Requirement

Within one year of the bill's enactment, the Chief Counsel will be required to submit an annual report to Congress and the SBA that includes:

• A list of the most commonly reported rules and regulations, along with the industry sectors affected.
• A summary of the types of notifications received, identifying the types of small entities and their locations.
• Identification of the agencies responsible for the reported rules and regulations.
• Recommendations for those agencies on how to reduce the compliance burdens on small businesses.
• A summary of actions the Chief Counsel has taken in response to the reported issues.

4. Focus on Small Entities

The bill specifies that the focus is on small entities, which includes small businesses as defined by federal guidelines. This is aimed at ensuring that small businesses, which often have fewer resources and capabilities to handle regulatory compliance, have a means to communicate their challenges effectively.

5. Implementation Timeline

The Chief Counsel is instructed to establish the hotline within 180 days after the bill is enacted, ensuring a timely response to the needs of small entities.

6. Purpose of the Bill

The overall goal of the bill is to remove unnecessary bureaucratic hurdles that hinder small businesses, aiming to promote a business-friendly environment by facilitating communication between small businesses and federal agencies.

Relevant Companies

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