Small Business Regulatory Sunset Act of 2015

1/11/2023, 1:30 PM

Small Business Regulatory Sunset Act of 2015

Requires each federal agency to establish a plan for the periodic review (every nine years) of: (1) its rules that have a significant economic impact on a substantial number of small entities, and (2) any small entity compliance guide required to be published by an agency. Sets forth criteria for review of a rule, including the continued need for the rule, the complexity of the rule, and the economic impact of the rule on small entities. Requires: (1) each agency to publish in the Federal Register and on the agency website a list of the rules and small entity compliance guides to be reviewed under the plan, and (2) the agency Inspector General to determine whether the agency has conducted the required review.

Provides that each covered rule (i.e., any rule for which an agency is required to prepare a regulatory flexibility analysis and which is a major rule) promulgated by an agency shall cease to have effect seven years after the final version of such rule is published unless renewed by the agency using the notice and comment rulemaking process.

Congress
114

Number
HR - 3328

Introduced on
2015-07-29

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/29/2015

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Small Business Regulatory Sunset Act of 2015

Requires each federal agency to establish a plan for the periodic review (every nine years) of: (1) its rules that have a significant economic impact on a substantial number of small entities, and (2) any small entity compliance guide required to be published by an agency. Sets forth criteria for review of a rule, including the continued need for the rule, the complexity of the rule, and the economic impact of the rule on small entities. Requires: (1) each agency to publish in the Federal Register and on the agency website a list of the rules and small entity compliance guides to be reviewed under the plan, and (2) the agency Inspector General to determine whether the agency has conducted the required review.

Provides that each covered rule (i.e., any rule for which an agency is required to prepare a regulatory flexibility analysis and which is a major rule) promulgated by an agency shall cease to have effect seven years after the final version of such rule is published unless renewed by the agency using the notice and comment rulemaking process.

Alternative Names
Official Title as IntroducedTo require Federal agencies to review certain rules and regulations, and for other purposes.

Policy Areas
Government Operations and Politics

Potential Impact
Administrative law and regulatory procedures
Business records
Congressional oversight
Economic performance and conditions
Employee hiring
Government information and archives
Small business

Comments

Recent Activity

Latest Summary8/18/2015

Small Business Regulatory Sunset Act of 2015

Requires each federal agency to establish a plan for the periodic review (every nine years) of: (1) its rules that have a significant economic impact on a substantial number of ...


Latest Action9/8/2015
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.