Leaders about the federal matters that matter to you in nevada. Todays topic, protecting Small Business. Were going to look at one nevada leaders work in washington to support you Small Business owners in nevada and nationally. And he is my guest today nevada u. S. Congressman cresent hardy. Thanks for being here. Glad to be here. Thank you for the invite. 82,000 pages of federal regulations, thats what the feds added last year alone. And if you own a Small Business, this is important and likely bad news. So today on eye on washington, were going to learn how Compliance Costs as well as not even knowing how a rule applies to you affects your company. Well tell you the latest news on how the Small Business administration might be failing to support the very businesses they should be backing. And well learn what my guest is doing to strengthen the Small Business industry for nevada and across the nation. As 2015 came to a close, alone more than 82,000 new pages of regulations were issued by the feds. The average annual rule addition, nearly 80,000 pages. And you Business Owners should care. These new rules apply to environmental protection, healthcare, workplace safety, financial lending and more. Now, congressman, you told that North Las Vegas audience that this can mean gigantic and new costs to employers. Absolutely. That was part of the hearing. And the reason for having the hearing, basically what i wanted to do is have a hearing, bring the staff out from d. C. And have them listen to some of the challenges that my district and throughout the state. You know, there is businesses like overtonower district. There was the credit union from pahranagat valley. There was a nevada bank was there. Sure. One of the nevada banks was there. I cant remember who the other one was, but there were issues that they had. And i wanted to present that to staff so they could hear the challenges. Oh, it was the Home Builders association were there. And they were actually some that said that, you know, there was regulations there that they dont even know that they might be committing a crime of some kind. Until they get a letter or a fine or what have you. Until they get a letter or a fine. Regulations that are actually exacting the entry level homebuyer, you know. And these costs when these regulations come through are handed down to the end consumer. And thats part of the challenge that we have. And so the rural banking communities businesses are burdened with an estimated 88. 5 billion with a b in Compliance Costs every year. Actually i believe its higher than that. There was a study done that i think it was 1. 328 trillion oh, my. That its costing us in regulations being handed down. But id have to get the exact number on that. But its huge, some of the impacts that are happening to our economy. Thats lost economy that we are not bringing back and its part of the end game of getting things moving again and paying national debt. Were some of these Business Owners that you met with in las vegas had they received notification of, you know, failure to comply about some rules that they didnt even know existed . No. It was more about some of the issues were about basically the rules that have come through doddfrank. As you know, doddfrank was put into place for basically the banks that had done fraud. And it comes down to these small banks and they cant afford to go out and hire six or seven people to comply with the rules that have been put in place. And it costs those individuals and these Small Community banks, which at the end of the day they have to add that back to the consumer. When you close banks in small rural communities, such as Credit Unions and small banks, that takes out the lifeblood of a community for Small Businesses. Were going to get to some sba news, also why your legislation to give the Small Business person easier go figuring out what rules they are responsible to comply with, thats an important bill i want to get to in the next segment. But you have said it many times and you did touch on it a moment ago here on the show that, you know, these onerous regulations, how they strangle the economy. Explain more why. Well, what it does is through the process of rulemaking well give you one example that was brought up by the home builder association. Interpretations through new regulations, they are finding out that on land that was sold to Home Builders, the blm retained those mineral rights. And now they are trying to charge Home Builders for just moving the dirt on the site. When you cut a site to fill a lower site, they want to charge you as a mineral use. And that impacts the cost of a home and ruins that Small Business. Like i said, regulatory reforms that are out there on businesses never know whats going to hit them. Yeah. You know, you mentioned part of this a moment ago. I did bring this, a quote from David Jennings of the Southern Nevada Home Builders association. He said that he has seen many builders losing tens of thousands of dollars for breaking regulations they didnt even know applied to them. Thats correct. That 82,000 pages, 82,035 to be exact last year between january and december, think about that. What were you doing on well, our regulators were pumping out regulations. I think it was 496 pages on Christmas Eve alone. Merry christmas. And then new years. What were you doing on new years . I know what i was doing. But our regulators were still pumping out new pages on new years eve 290 something pages pumped out this year. This administration is on track to almost 80,000 pages a year that hes come out with. And thats 350 pages a day that youd have to read, working day, to be able to keep up with that. Now, i dont know about you. I cant read 350 pages a day and i dont know of many people that could if that was their fulltime job. So you dont know what you dont know if you arent able to read it. And so there needs to be a better avenue to make sure that businesses have that opportunity to see what the violations are. Theres other things that need to happen that were working on and have passed out of the house that havent happened through the senate as of yet. Look forward to getting to that later in the show. But first, you know, when we administration, Small Business persons friend or foe . Well, thats just ahead. And welcome back to eye on washington and our diussion of my guests work to protect and strengthen the Small Business community in nevada and across the nation. He is my guest today, nevada u. S. Congressman cresent hardy. A regulations affect on your Small Business could range from a blip to job layoffs to closed doors. My guest says often times you dont even know new rules that impact you, rules that you nonetheless are responsible for complying with. Guess what. He says thats not right. And thats why hes a big fan of the Small Business regulatory flexibility improvements act. The legislation defines Economic Impact as any reasonable foreseeable indirect economic effect on from a proposed or final rule. It expands the information that an agency is required to include in its regulatory flexibility analysis, a fancy washington way of saying it has to disclose any disproportionate Economic Impact on Small Businesses. Agencies would have to consider alternatives that would minimize significant adverse impacts and maximize beneficial impacts on businesses. So, congressman, it sounds common sense and like something that the Small Business administration shouldnt need a law to do. So what led to this . Well, i think what it leads to is people sometimes in washington dont necessarily look at the impact of what a regulation may do to a business. And so this is requiring them to have an assessment of what the cost may be both financially and maybe the regulatory side to make sure what it may cost a business to legislation you are pushing so hard for right now is kind of making the federal government really stop and think about the impacts its 80,000 plus rules and etc. , etc. Have on the Small Business guy, right . Absolutely. Or woman. You know if you took into impact and if people would ask business out there about certain things like maybe obamacare, the cost to business and cost to employment, thats huge. And thats not even the Small Business level. Thats at every level. But you need to have people that are out there involved in businesses being part of this discussion whenever something is happening. It just cant be all about some epa rule. What does it cost . Whats the impact to it . Is it doing the damage or is it doing good to the economy . Also these need to be things that need to be evaluated at the same time. You know, i saw that this years ago. But the feds have imposed so many loopholes over the years that this revamp was yes. And plus the courts have got involved in interpretation of law, sometimes gets misconstrued. This is bringing it back in and reining in those issues that we want to make sure whats really happening and what the intent of the law is, where the agency can actually do what it needs to do. You know, the advocacy of the department is supposed to look at these rules and give assessnts what the impact is. But when administrations arent even responding to the Advocacy Department for Small Businesses, this helps them get that authority to maybe force their hand to make sure that they Pay Attention to what they are saying is going to be cause and effect. Sure. What have been hearing from your Small Business owners, your constituents who own Small Businesses that really got you involved in this legislation . Well, i have been in a Small Business myself. And i have watched over the compliance to certain rules, that sometimes may have some benefit, but are they the maximum benefit . And so when you have to put those in place, somebody is going to pay for that. It always goes down to the end consumer. If im losing money, im going to go out of business, so i have got to pass it on to somebody. And it ends up going you pay if im on a state highway project or if im on a housing project, a Treatment Facility project, all those which we have done in the past, it costs somebody. And so thats what the impact is to Small Business or anybody else. When you were at that North Las Vegas meeting, the Small Business owners there or any of your communities that you are visiting, you mentioned obamacare. Is it obamacare . What type of rules and regulations of late are causing the biggest hassles, them or Economic Costs, etc. . Whats causing the i think the biggest challenge for most people is the Economic Cost and the cost it costs to implement such rules. These 80,000 pages cover a wide gamut of different businesses. They are not just one single business. So you may be but its not one certain issue that is bothering, its just everything. Its across the rule. So many rules. Everybody has a different issue, depending whether they are an insurance provider. I see. Whether they are a bank, whether they are a shoe salesman or, you know, clothing salesman, everything has some kind of impact out there on regulations. And it ends up going out to those manufacturing businesses that in turn pass that down, also. Whats the support on the hill right now for this bill . You know, theres great support from the republican side. I think theres some challenges. There are individuals that will support this bill and it was a bipartisan bill when it went through the house. It hasnt gone through the senate yet, this regulatory those who were against it, why . I couldnt answer that question. You dont know. Its part of the concern that i have about the mindset of individuals. We all dont think the same. We all have different ideals. Okay. Sounds good. And when we return, it is your eye on washington updates segment. Lets find out the status of two pro Small Business bills that my guest told us about last year and some good news ths just ahead. And welcome back to eye on washington, our discussion of one nevada leaders work to level the Playing Field for Small Business owners. We have been visiting with him, he is nevada u. S. Congressman cresent hardy. Well, last year the congressman was here telling our statewide tv and Radio Audience about two other major Small Business boosting bills he was authoring or backing here on the hill. Lets find out now where things stand. First up, his smalalbusiness contractors clarification act. Its legislation to make it easier for Small Business owners to compete for military focused government contracts. It solidifies the nonmanufacturers rule so that Service Contracts do not have to meet the same Small Business requirements as manufactured goods contracts. The other one we will relook at is the veterans entrepreneurship act. This bill waives upfront fees for veterans applying for express loans through the and raises the programs Lending Authority from 18. 57 billion to 23. 5 billion. Sorry, congressman. First lets talk about that latter bill. When you were here talking about it last year, you shared that your colleague Jeanne Shaheen called this the most in demand loan program. Were talking about the sba. Yes. What it does is for Small Businesses, its an opportunity for them to get moneys the veterans entrepreneurship. The veterans entrepreneur is there for them to obtain money, whether its for operations, for building up their mechanical needs or whether its just to start a new business. The average i think is a little over 300,000 for most loans. Right. They can get up to 5 but what this does is provides an opportunity for those who have served. You know, they have been out there. They have got all this Technical Expertise that they have learned while they were in the field, so to speak. Sure. It helps them come back home, obtain these loans. And actually without paying the fees. That puts extra money back into their business when they try to move forward. And it helps them help grow the economy and also gives them a leg up. Yeah. And zero fees as you said. Zero fees, yes. It helps them get back into society and help be productive like they have done when they were in the service. Sure. Where did this go in 2015 . And what are you reintroducing this year . Basically it will be i think it went through the house. I know it went through the house, but i dont remember if it made it through the senate or not. I couldnt tell you at this point. I dont know if its actually that part made law. The clarification act, we had that in ndaa and it was the clarification act, the contract clarification act, what makes it harder now for Small Business owners to have a shot at those lucrative contracts . What was happening in the past was the interpretation by judges was that they didnt separate the difference between manufacturing and service. So well say that youre a concrete placer. Youve got a job on an air force base building a slab for an f35 well say. The way it was being interpreted, you also had to manufacture the same concrete that you were placing. If you were placing the steel, you had to manufacture the steel that you were placing. No Small Business can do that. And its very difficult even for Major Business to do so. So it separates those two as an understanding there is a difference between manufacturing and Service Contracts. Well, i know you have said that its mostly about clarity on federal government contract so the socalled noncurrent nonmanufacturers rule and again the confusion over goods and services. And thats the point. Explain that. Just in our district 4 itself, you know, nellis is a major, major player there for Small Businesses and for federal dollars. These are federal contracts where this clarification has been convoluted. Now, 240 million worth of contracts will be submitted in nellis over the next two years. That provides that opportunity to make sure were clear, between service and manufacturing. When somebody provides chairs to a place, do they also have to make the chair . Or are they just providing it . So its that opportunity to make sure that Small Business can still be involved and maybe not be the manufacturer of the source also. It seems like in our last segment, too, a lot of your really about clarifying kind of muddled muddy rules. Hence the regulatory process. Thats the problem we have with federal government. The one size fits all handed down from the federal government distorts and challenges the Small Business, you know. A Small Business doesnt have the ability to hire all this extra legal staff. And i have said before the Small Business creates about 64 of the jobs in our nation. Those are good quality jobs that wouldnt otherwise and most Small Businesses want to grow up to be a big business someday. And thats fine. Thats what this helps us do. Strengthen those Small Businesses which strengthens jobs and the economy, provides that opportunity for people to be the provider rather than being on welfare and such. Quickly since were out of time this segment, whats the support for these bills . These will go through i think with bipartisan support with no problem. Okay. Thanks. And when we return, it is mailbag time. Your letter to the its coming up next. Were back with our closing segment of eye on washington. It is our mailbag segment. Its when we read a letter you have sent to the mailbag page of Joyce Communications website. We read it right here on the air. And, congressman, we have a letter to you from rose. And she writes, dear congressman hardy, recent media has suggested the sba could do more to help Small Businesses. What things would you like to see them take on for nevada businesses in particular . The main thing that has been happening and i think its a good thing is we have expanded the amount of dollars that comes through the sba for those Small Business loans. Id like to make sure that its easier to get that, as to obtain those funds, and that we have a Better Process of making sure that these are individuals who can help strengthen our economy and help produce jobs in nevada. So youre going to help out rose and meet her need of this letter. Do the best we can. That sounds really good. That does wrap it up for todays eye on washington. I hope youll join us next time as we discuss more important federal matters and their impact on you in nevada. You can visit joycecommunications. Com or our Facebook Page for more news from the hill that impacts you. You can watch any shows you have missed on our youtube page. That is it for todays eye on washington. Thanks for joining us today. Im Marilee Joyce in washington. Today. Epey skin. On your arms, on your legs, and even your neck. What would your reaction be . Can i look now . Yes. Are you serious . Oh my goodness narrator and now a paid presentation for crepe erase, a breakthrough targeted body treatment brought to you by trusted guthy renker, and featuring Emmy Award Winning actress jane seymour, figure skating legend, dorothy hamill, and everyday women whose lives and skin are being transformed with crepe erase. I never thought id have my mothers skin. Chicken skin. 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