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.

Referred to the Committee on the Judiciary, and in addition to the Committees on Small Business, and Oversight and Government Reform, 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 421, also known as the "Regulatory Flexibility Act," aims to amend chapter 6 of title 5, United States Code. The main goal of this bill is to ensure that there is a thorough analysis of the potential impacts on small entities when new rules are proposed. This means that before any new regulations are put into place, a comprehensive evaluation will be conducted to determine how they may affect small businesses and other entities.

The bill also includes provisions for other purposes, which may include additional measures to support small businesses and ensure that they are not disproportionately burdened by new regulations. Overall, the focus of this legislation is to promote transparency and accountability in the regulatory process, particularly when it comes to considering the impact on small entities.

By requiring a complete analysis of potential impacts on small entities, Bill 119 hr 421 aims to create a more fair and balanced regulatory environment that takes into account the needs and concerns of small businesses. This bill is an important step towards ensuring that regulations are implemented in a way that supports economic growth and innovation while also protecting the interests of small entities.