NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Monday, June 13, 2011

Dems Block Bill To Provide Regulatory Relieve To Small Business

A bill aimed at strengthening protections for Small Businesses against Excessive Federal Regulations was blocked by Senate Democrats. Although a majority of the Senate voted to give small businesses a measure of relief by providing some protection against Federal Regulatory burdens, the legislation fell short of the 60 votes needed to move forward.

The Senate vote was 53-46 for an amendment S474 sponsored by Senator Olympia Snowe, of Maine, that would strengthen the Regulatory Flexibility Act (RFA).

The RFA requires agencies to consider the impact that proposed regulations would have on small businesses. If the impact is economically significant, agencies are required to consider less-burdensome alternatives. Snowe’s amendment would have required agencies to consider not just the direct impact of a regulation, but also the indirect impacts on small firms that do business with companies that are directly affected.

All 47 Republicans and six forward thinking Democrats voted to provide much needed regulatory relief to small businesses. If passed, the bill would have provided business with a measure of confidence to expand their operations without the fear of costly regulations, likely resulting in the creation of more jobs. Read More

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