Testimony of Todd Phillips before the U.S. House Committee on Small Business

Abstract

Chairman Williams, Ranking Member Velazquez, and members of the Committee, thank you for the opportunity to testify. I am Todd Phillips, Assistant Professor of Legal Studies at Georgia State University’s J. Mack Robinson College of Business, a Fellow with the Roosevelt Institute, and principal with the small business Phillips Policy Consulting, LLC. I previously served as an attorney advisor with the Federal Deposit Insurance Corporation and the Administrative Conference of the United States, and as counsel with what was then known as the House Oversight and Government Reform Committee. My research focuses are on administrative law, the rulemaking process, and financial regulation. I am testifying today on the basis of my expertise and not as a representative of any organization.

My testimony today will discuss the Biden Administration’s regulatory efforts to support small businesses and its compliance with the Regulatory Flexibility Act; my concerns about two bills the Committee is considering, H.R. 8033, the Regulatory Transparency for Small Business Act and H.R. 7198, the Prove It Act; my support for a third, H.R. 5999, the Small Business Regulatory Relief Act; and the need to consider both the costs and benefits of regulations.