European Union's Small Business Act: A Different Approach [September 1, 2016]   [open pdf - 768KB]

From the Document: "The Small Business Act for Europe (2008) is not an act, per se, as understood in the United States. It is a European Commission initiative, endorsed by the Council of the European Union, that provides 10 'guiding principles' to promote the growth of small-and medium-sized enterprises (SMEs) in Europe (e.g., 'Create an environment in which entrepreneurs and family businesses can thrive and entrepreneurship is rewarded,' 'Design rules according to the 'Think Small First' principle,' and 'Facilitate SMEs' access to finance and develop a legal and business environment supportive to timely payments in commercial transactions.') The European Commission was very aware of the United States' Small Business Act, the various programs offered by the U.S. Small Business Administration (SBA), and the SBA's definitions used to determine small business eligibility for assistance as it crafted its Small Business Act for Europe and designed its small business programs and size standard. It also examined small business policy in other nations, including Japan and China. In some instances, the European Commission enacted policies that are relatively similar to those found in the United States (e.g., both have programs designed to reduce small business regulatory burdens and enhance their access to capital). In others, the European Commission went in a different direction (e.g., size standards)."

Report Number:
CRS Report for Congress, R44084
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
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