San Antonio Hispanic Chamber of Commerce Position Statement: Support of H.R.10, the “Regulations from the Executive In Need of Scrutiny” (REINS) Act Eddie Aldrete Chairman Raúl Lomelí-Azoubel 2012 Chairman Norma Martinez Lozano Past Chairman 2011 Executive Committee Chairs Raul Lomeli-Azoubel Membership Noah Garcia Finance / Treasurer Sonya Medina Williams Marketing / Communications Donald J. Gonzales Business & Economic Development Jesse J. Hereford Government Affairs Anita Uribe Martin Small Business Albert Carrisalez Leadership Development Louis Barrios Education Johnny Hernandez Secretary Jorge Herrera Legal Advisor Honorable Hope Andrade Chair Advisor Fernando Reyes Chair Advisor Honorable Armando Ortiz Rocha Honorary Chair Ramiro A. Cavazos President & CEO BACKGROUND: To restore Congressional accountability for the regulatory process, and to help America’s job creators, Congress has introduced H.R. 10, the Regulations from the Executive in Need of Scrutiny (REINS) Act. The REINS Act would require Congress to take an up-or-down, stand-alone vote, and for the President to sign-off on all new major rules before they can be enforced on the American people, job-creating small businesses, or state and local governments. Major rules are those that have an annual economic impact of $100 million or more. A recent study commissioned by the Small Business Administration found that annual regulatory compliance costs in the United States hit $1.75 trillion in 2008. Additionally, according to a September 2010 study by SBA’s Nicole and Mark Crain, “The Impact of Regulatory Costs on Small Firms”, as of 2008, small businesses have been burdened with an annual regulatory cost of $10,585 per employee, which is 36 percent higher than the regulatory cost facing large firms (of more than 500 employees). The REINS Act is about improving the regulatory process, improving Congressional oversight, increasing the quality of agency rulemakings, and ensuring that all branches of the federal government are accountable to businesses and the American public. If the REINS Act becomes law, members of Congress will be accountable to their constituents on the question of whether a new regulation is truly needed, or is an unnecessary burden. This will encourage Congress and agencies to work together to develop and pass regulations that implement the original intent of laws. Furthermore, the REINS Act would prevent Administrations from either party from bypassing Congress to implement a political agenda through regulation. RECOMMENDATION: Staff recommends that the Board of Directors of the San Antonio Hispanic Chamber of Commerce adopts the following position statement in support of H.R. 10, the REINS Act as it will serve to help relieve regulatory burdens and associated costs on small businesses in our community. STATEMENT: The San Antonio Hispanic Chamber of Commerce, the first Hispanic Chamber in the nation, representing more than 900 businesses in the greater San Antonio area, supports the Regulations from the Executive in Need of Scrutiny (REINS) Act. The Chamber calls upon Congress to pass this necessary legislation so that federal agencies regulate in a more transparent, cost-effective and rational manner to help businesses across the nation continue to create and sustain jobs and grow the economy. IMPLEMENTATION: The San Antonio Hispanic Chamber of Commerce will communicate this position statement to leaders in our community as well as other officials and Hispanic Chamber members via our weekly membership newsletter, and on our website at www.sahcc.org Pearl Brewery – Full Goods Building 200 East Grayson Street, Suite 203, San Antonio, Texas 78215 Tel 210.225.0462 | Fax 210.225.2485 | www.sahcc.org