NBE Funeral Service Director

Answer: A - The Small Business Regulatory Enforcement Fairness Act of 1996 waives certain civil penalties for violations of regulatory or statutory requirements.

The Small Business Regulatory Enforcement Fairness Act helps small business avoid certain civil penalties associated with the violations of federal rules. This relief comes by way of lowering the administrative burden associated with compliance and helps a smaller funeral service on meeting core standards that may not be as costly to maintain or implement. The Funeral Rule is enforced by the Federal Trade Commission and deals with the goods and services a person can purchase for a funeral. The Sherman Antitrust Act is a federal law dealing with anti-competitive measures taken by corporations and Sarbanes-Oxley deals with required corporate disclosures and information about CEO pay.