U.S. Congress - H.R.4458 Small Business Regulatory Improvement Act
H.R.4458 - Small Business Regulatory Improvement Act
To amend chapter 6 of title 5, United States Code (commonly known as the Regulatory Flexibility Act), to ensure complete analysis of potential impacts on small entities of rules, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend chapter 6 of title 5, United States Code (commonly known as the Regulatory Flexibility Act), to ensure complete analysis of potential impacts on small entities of rules, and for other purposes. as introduced.
- Short: Small Business Regulatory Improvement Act as introduced.
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Official Summary
12/12/2007--Introduced.Small Business Regulatory Improvement Act - Revises the Regulatory Flexibility Act. Defines the "economic impact" of a rule to include any direct or indirect economic effects on small entities. Requires initial regulatory flexibility analyses of a proposedOfficial Summary
12/12/2007--Introduced.Small Business Regulatory Improvement Act - Revises the Regulatory Flexibility Act. Defines the "economic impact" of a rule to include any direct or indirect economic effects on small entities. Requires initial regulatory flexibility analyses of a proposed rule to contain a detailed statement describing the type of small entities to which the proposed rule will apply.
Revises provisions requiring the publication by each agency of a plan for the periodic review of its rules that have a significant impact on a substantial number of small entities to determine whether they should be continued, changed, or rescinded, including to:
(1) limit to two years the amount of time the period for reviewing an agency's regulations may be extended; and
(2) require each agency to report annually on review results to Congress and to the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget (OMB).
Requires an agency to notify the Chief Counsel for Advocacy of the Small Business Administration of any draft rules that may have a significant economic impact on a substantial number of small entities either:
(1) when the agency submits a draft rule to the such Office, if submission is required; or
(2) if no submission to the Office is so required, at a reasonable time before publication of the rule by the agency.
Requires that final regulatory flexibility analyses include the agency's response to any comments filed on a rule by the Chief Counsel and a detailed statement of any changes made as a result.
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Recent News Coverage
Small Business Watchdog Applauds Committee Vote to Strengthen ...
... decision-makers with a full understanding of a rule’s likely impact on small entities. HR 4458 contains the needed improvements to require this analysis."
House Panel Moves Regulatory Analysis Bill
Last week, the House Small Business Committee unanimously approved HR 4458, the Small Business Regulatory Improvement Act of 2008 (SBRIA). ...
House Small Business Committee Unanimously Approves Regulatory ...
... decision-makers with a full understanding of a rule's likely impact on small entities. HR 4458 contains the needed improvements to require this analysis."
Recent Blog Coverage
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entrepreneurs regulatory compliance costs are 45% more than the ...
the house small business committee took an important step towards correcting the regulatory process with passage of the small business regulatory improvement act (hr 4458). introduced by congressman brad ellsworth (d-in), ...
The Regulatory Flexibility Act: Implementation Issues and Proposed ...
H.R. 4458, the "Small Business Regulatory Improvement Act," was introduced on December 12, 2007, and was reported by the House Committee on Small Business the next day. Among other things, H.R. 4458 would define "economic impact" as ...
The Regulatory Flexibility Act: Implementation Issues and Proposed ...
HR 4458, the "Small Business Regulatory Improvement Act," was introduced on December 12, 2007, and was reported by the House Committee on Small Business the next day. Among other things, HR 4458 would define "economic impact" as ...
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