HB 2447 is the bill that would modernize public notices by putting them on the "Internet" instead of the current practice of publishing them in obscure papers for high prices so that they can be bound together into big binders and stored in conveniently accessible places like the back room of the Capitol Times building.
The printed "Public Notice" requirement obviously doesn't create additional disclosure and simply works as a tax on businesses that is directly transferred to newspapers. Actually, most of those "businesses" are actually "pre-businesses". Current law puts one more headache, requirement and cost on folks who want to start their own business.
Now the Center on Budget and Policy Priorities reports that it is indeed these small businesses that are the real engines of economic growth.
To create jobs and build strong economies, states should focus on producing more home-grown entrepreneurs and on helping startups and young, fast-growing firms already located in the state to survive and to grow...
It's almost impossible to get a bill like this passed. That's because the winners--small businesses--are a diffuse and unorganized lot, while the losers--newspapers seeking monopoly rents--are well organized and powerful.
The bill is currently waiting for the Committee of the Whole--which is oftentimes where bills that challenge powerful corporate interests languish.