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Last session, the Joint Committee on Community Development and Small Business recommended favorably and the State Legislature passed new Small Business Impact Statement legislation as part of the omnibus Economic Development Reorganization Bill (Chapter 240 of the Acts of 2010). The law now requires state agencies to assess all new regulations by completing small business impact reviews before their implementation. It also necessitates the review of current regulations to determine their usefulness in view of unintended consequences on small businesses. As a result of the legislation, Governor Patrick has already approved changes to 150 regulations, including the full removal of 41, that will provide relief to businesses from Hair Salons to Fisheries. He expects to increase that number to 1,000 improvements by the end of this year. The Committee will host an oversight hearing on the progress of the Administration in implementing this new law. In addition, the Committee will hear testimony regarding the impact of other recent policies on the small business community in the Commonwealth.
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