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Regulation Nation

How can government ease the regulatory burdens that are crushing entrepreneurs?

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This story appears in the October 2004 issue of Entrepreneur. Subscribe »

For many entrepreneurs, the heavy burden of federal regulation has become a significant factor limiting their growth. In fact, the SBA's Office of Advocacy has estimated that, for small companies with fewer than 20 employees, regulatory burdens cost nearly $7,000 per employee, per year.

Just because federal regulation may be a problem, however, doesn't mean everyone agrees on the solution. Rep. Nydia Velázquez and Rep. Rick Renzi, Entrepreneur's Point/Counterpoint team, see different answers to handling regulation. Rep. Velázquez, a Democrat representing New York's 12th District, is the ranking minority member on the House Small Business Committee; Rep. Renzi, a Republican representing Arizona's 1st District, founded three small businesses before entering Congress and takes a strong interest in entrepreneurs' issues. The two don't agree on much politically, but they do share one characteristic: They both care about small businesses, and don't back away from hot topics.

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