FOR IMMEDIATE RELEASE

Contact:

Matthew Haller, 202-662-0770

Jenna Weisbord, 202-662-0766

mhaller@franchise.org

jweisbord@franchise.org

@franchising411

IFA Lauds GOP Task Force Efforts to Reduce Regulatory Burden for Small Business Owners

WASHINGTON, June 14—International Franchise Association, the world’s largest trade association representing franchise small business owners, applauds House Speaker Paul Ryan (R-WI) and House Republicans for addressing the crisis of over-regulation in the U.S. economy. Today, Republican leadership released a new deregulation agenda as part of Speaker Ryan’s efforts to address policy concerns facing the country.

“We applaud Speaker Ryan and his colleagues for their continued efforts to ease the regulatory burden on small business owners by removing barriers to economic growth that the regulatory environment has created,” said IFA President & CEO Robert Cresanti, CFE. “With alarming frequency, rules and regulations are being made by bureaucrats that are disconnected from the reality of running a business. These rules increasingly live in a world of regulatory or academic abstraction. As a result, we are seeing ill-advised policy such as the National Labor Relations Board’s ‘joint employer’ standard and the Department of Labor’s overtime rule, which are shutting the door on opportunity and small business entrepreneurship.”

IFA will continue to support specific efforts to overturn the joint employer and overtime rules and broader structural reforms that help to ensure laws are made by Congress and agencies are more rational and fair in their implementation of the law.

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About the International Franchise Association

Celebrating 56 years of excellence, education and advocacy, the International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising and the more than 800,000 franchise establishments that support nearly 9.1 million direct jobs, $994 billion of economic output for the U.S. economy and 3 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law, technology and business development.