• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Beware: Regulations Are Coming

April 7, 2016 / By Barbara Weltman

© Pumba1 | Dreamstime.com - <a href="http://www.dreamstime.com/stock-images-business-woman-screaming-megaphone-image35706374#res2965056">Business Woman Screaming With A Megaphone Photo</a>It’s not uncommon for an outgoing President to take last licks on regulations he favors. This has been the normal practice for both Democratic and Republican Presidents for the last 25+ years. According to a report from the Mercatus Center at George Manson University, there are more than 4 dozen regulations poised to be finalized by the end of this year.

What’s on tap?

Which regulations may we see finalized shortly? Here are just some key measures impacting small businesses:

  • DOL’s rule on overtime pay, which would change the definition of a “white collar” worker exempt from the overtime pay rule (by raising the earnings limit it would make millions more workers eligible for overtime pay).
  • Food labeling rules from the FDA and HHS (see FDA.gov).
  • DHS and USCIS rules on the retention of EB-1, EB-2, and EB-3 immigrant workers.
  • HHS and OCR rules on nondiscrimination in health programs and activities.
  • DOL and EBSA rules on the definition of “fiduciary, ”which related to investment advice for retirement plans (i.e., is expected to raise the cost for small retirement plans).

Can the speeding train be stopped?

Congress is trying to slow down the regulatory process. The Midnight Rule Relief Act of 2016 (H.R. 4612), which was introduced this past February, would:

“prohibits a federal agency (excluding the Federal Election Commission, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the U.S. Postal Service) from proposing or finalizing any midnight rule unless the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget finds that such a rule will not result in: (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete internationally; or (4) a significant economic impact on a substantial number of small entities.”

The moratorium period on midnight regulations would run from the date after Election Day in the final year of the President’s term through January 20th of the following year if the President is not serving another term.

GovTrack.us only gives the measure an 11% chance of enactment. Do you think that the support of small business owners may help to increase the odds of passage?

Tags Congress midnight regulations Midnight Rule Relief Act of 2016 regulations regulatory process small business owners

Primary Sidebar

Categories

  • General Business (506)
  • Guest Blog (113)
  • Homepage (22)
  • Small Business (1,002)
  • SMB Financial (328)
  • SMB Legal (66)
  • SMB Taxes (326)

Barbara’s Recent Posts

  • 10 Ideas for Coping with Cash Flow Challenges June 26, 2025
  • 5 Insurance Traps to Avoid June 24, 2025
  • Creating a Feng Shui Office Layout for Your Business June 20, 2025
  • Scaling Your Business by Optimizing Social Media Marketing June 19, 2025
  • The Timeless Value of Business Cards in a Digital World June 18, 2025
  • What Does the Latest IRS Data Book Tell Us? June 17, 2025
  • Business Advice from Famous Dads June 12, 2025
  • How Important Is Higher Education for Small Business Owners June 11, 2025
  • Business Planning in a Period of Uncertainty June 10, 2025
  • 9 Smart Financial Decisions for Business Owners in Retirement June 6, 2025
  • Preview of Tax Changes this Year: Actions to Take Now June 5, 2025
  • Becoming Penniless: What Does this Mean for Your Business? June 3, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
June 26

AI returns have not yet justified investment mania https://on.ft.com/4l2VApu #smallbusiness #AI #investments

Reply on Twitter 1938364740998140199 Retweet on Twitter 1938364740998140199 Like on Twitter 1938364740998140199 Twitter 1938364740998140199
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
June 26

10 Ideas for Coping with Cash Flow Challenges https://bit.ly/3ttGBgf #smallbusiness #cashflow #finance

Reply on Twitter 1938337231116087463 Retweet on Twitter 1938337231116087463 Like on Twitter 1938337231116087463 1 Twitter 1938337231116087463
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
June 26

Scaling Your Business by Optimizing Social Media Marketing - https://bit.ly/4k3vK3p #smallbusiness #businessgrowth #socialmedia #marketing

Reply on Twitter 1938327669835223524 Retweet on Twitter 1938327669835223524 Like on Twitter 1938327669835223524 Twitter 1938327669835223524
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap