To impose additional requirements for covered agencies in regulatory flexibility analysis.

Referred to the Committee on the Judiciary, and in addition to the Committees on Small Business, and Financial Services, 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 1606, also known as the Regulatory Flexibility Improvements Act, aims to impose additional requirements for covered agencies when conducting regulatory flexibility analysis. The bill seeks to enhance the transparency and effectiveness of regulatory analysis by requiring agencies to consider the impact of proposed regulations on small businesses and other entities.

Under the bill, covered agencies must assess the potential economic impact of proposed regulations on small businesses, as well as consider alternatives that would minimize the burden on these entities. Agencies must also provide a detailed explanation of how they have complied with these requirements in their regulatory flexibility analysis.

Additionally, the bill requires agencies to solicit input from small businesses and other affected entities during the rulemaking process. This input will help agencies better understand the potential impact of regulations on these entities and make more informed decisions. Overall, the Regulatory Flexibility Improvements Act aims to ensure that regulatory analysis takes into account the unique challenges faced by small businesses and other entities, ultimately leading to more effective and balanced regulations.