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Small-Biz Regulations Up Under Obama: Report

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Small-Biz Regulations Up Under Obama: Report

AP

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Despite President Obama’s claims to have issued fewer rules than his predecessor George W. Bush (remember him?), a new report suggests otherwise. The Office of Information and Regulatory Affairs’ semiannual regulatory publication, Unified Agendas, it found that small-business regulations have increased 12 percent in 2012 from 2011: 854 new rules were approved last year.

So what does this mean? It’s not nearly as bad as it might sound: Small-business law blog Free Enterprise has discerned that “many of the regulations are aimed at leveling the playing field for workers.”

If you haven’t been paying attention, here’s a handful of the rules that were affected by these new regulations:

  • The Fair Labor Standards Act (FLSA)
  • Social Security
  • The Federal Insurance Contributions Act (FICA)
  • The Equal Pay Act
  • The Immigration Reform Act
  • The Federal Unemployment Tax Act (FUTA)
  • The Employee Retirement Income Security Act (ERISA)
  • The Occupational Safety and Health Act (OSHA)
  • The Age Discrimination Act
  • The Family Medical Leave Act (FMLA)

Obviously you’ll want to do more research on your end to look into these and how it affects you — don’t forget there are resources around that offer free advice for startups, like MeetAdvisors.  

David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a comedy-writing instructor for Second City. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. His first career aspirations were to be a game-show host.

Related Topics HR, Regulations, Big Brother
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