Ophelia Long

Bill 119 s 495, also known as the "Small Business Regulatory Transparency Act," aims to make federal regulatory decisions that affect small businesses more transparent. The bill proposes amending title 5 of the United States Code to require agencies to provide detailed explanations for their regulatory decisions and how they will impact small businesses.

The bill seeks to ensure that small businesses have a clear understanding of how federal regulations will affect them, allowing them to better prepare and adapt to any changes. By increasing transparency, the bill aims to reduce the burden on small businesses and promote a more business-friendly regulatory environment.

In addition to requiring greater transparency, the bill also includes provisions for agencies to consider the impact of regulations on small businesses during the rulemaking process. This will help ensure that small businesses are not disproportionately burdened by regulations and that their voices are heard in the regulatory process. Overall, the Small Business Regulatory Transparency Act aims to promote a more transparent and fair regulatory environment for small businesses, ultimately helping to support their growth and success in the United States.