Small Business Regulatory Flexibility Improvements Act

This bill changes the federal Regulatory Flexibility Act, which requires agencies to study how new rules affect small businesses and other small entities. It would require agencies to consider indirect economic effects, include Tribal organizations and certain federal land management plans, and give more detailed analyses. It would require small business review panels for major proposed rules, require agencies to publish plans to review existing rules within 10 years, and give the Small Business Administration's Chief Counsel for Advocacy power to issue rules on agency compliance and to approve size standards. It would also generally bar federal agencies from fining small businesses for first-time paperwork violations, with exceptions.

Full text and official record on Congress.gov

Sponsors

• Rick Scott Republican sponsor
• 0 cosponsors