graphic
Small Business
CORA may trim red tape
March 17, 1998: 4:34 p.m. ET

Senate bill would help reduce the growing burden of regulations
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - The number of federal regulations facing the nation's small businesses and individual taxpayers could be cut by a new bill making its way through the Senate.
     The Congressional Office of Regulatory Analysts Act would give Congress greater authority to overturn federal regulations it deems burdensome.
     A companion bill already has been approved by the House Judiciary Subcommittee on Commercial and Administrative Law.
     Sen. Kit Bond, a Missouri Republican and chairman of the U.S. Senate Committee on Small Business, said Americans feel the government is too deeply involved in their day-to-day lives.
     "CORA will help Congress reign in needless regulations that hurt taxpayers by forcing them to jump through hoops every time some federal agency in Washington decides we need more red tape," he said.
     The Congressional Review Act, passed in 1996, gave Congress authority to override regulations deemed excessive. Bond said legislators need to build on that progress by giving lawmakers more tools to trim the bureaucracy. Back to top

  RELATED STORIES

Regulating high tech? - March 4, 1998

NFIB wants IRS scrapped - March 12, 1998
  RELATED SITES

Committee on Small Business

Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council