To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes.

Referred to the Committee on the Judiciary, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 hr 1163, 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 federal agencies to provide detailed explanations for their regulatory decisions that impact small businesses.

The main goal of the bill is 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. This increased transparency is intended to help small businesses navigate the regulatory landscape more effectively and reduce any potential negative impacts on their operations.

In addition to requiring greater transparency, the bill also aims to streamline the regulatory process for small businesses by providing them with more opportunities to provide feedback and input on proposed regulations. This will allow small businesses to have a greater voice in the regulatory process and ensure that their concerns are taken into account before final decisions are made. Overall, the Small Business Regulatory Transparency Act seeks to level the playing field for small businesses when it comes to federal regulations, ensuring that they have the information and resources they need to thrive in a competitive marketplace.