FOR IMMEDIATE RELEASE
Contact:
Jenna Weisbord, 310-995-0839
jweisbord@franchise.org
@franchising411
IFA Praises Regulatory Reform Bill to Ease Burden on America’s Franchise Owners
WASHINGTON, May 17—The International Franchise Association, representing more than 733,000 franchise businesses across the country, supported a package of regulatory reform bills ahead of committee markup today. S. 584, introduced by Sen. James Lankford (R-OK), would require agencies to consider all costs and the cumulative burden of regulations as well as hold real and meaningful consultations with small business owners before issuing a new regulation.
“With alarming frequency, rules and regulations are being made by bureaucrats that are disconnected from the reality of running a business,” said IFA President & CEO Robert Cresanti, CFE. “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.”
“We are thankful to Sen. Lankford for working to ease the regulatory burden on business owners by removing the barriers the regulatory environment has created,” stated Cresanti.
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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 733,000 franchise establishments that support nearly 7.6 million direct jobs, $674.3 billion of economic output for the U.S. economy and 2.5 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.