SPRINGFIELD – Taking aim at costly and burdensome overregulation of small business, the State Senate has given unanimous approval to a bipartisan bill introduced and sponsored in the Illinois House by State Rep. Keith Wheeler (R-Oswego) requiring a full-scale review across every state agency of rules, regulations and permitting processes.
The measure, HB 3887, aims to identify all state regulations that are unreasonable, unduly burdensome, duplicative, or onerous to small business so they can be streamlined or eliminated. The first review would have to be completed within one year of the bill becoming law, with subsequent reviews to take place every 5 years thereafter.
“Small business men and women are the backbone of our state and local economies,” Rep. Wheeler said. “They create 64% of all new private-sector jobs in America and provide literally millions of good-paying career opportunities for hardworking families in Illinois and across the country each and every year. As a state, we have the ability to conduct a thorough review of every rule and regulation and identify the ones that make it harder for start-ups, entrepreneurs and family-owned businesses to create and sustain new jobs right here in the Fox Valley and beyond.”
House Bill 3887 now goes to Governor Bruce Rauner for signature to become law.
Rep. Wheeler has been a small business owner for 24 years in addition to serving as a former Chairman of the NFIB Illinois Leadership Council and former Board Chairman for the Aurora Regional Chamber of Commerce.
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