Regulatory Transparency for Small Businesses Act

12/16/2024, 8:44 PM

Summary of Bill HR 8033

Bill 118 hr 8033, also known as the Regulatory Transparency for Small Businesses Act, aims to provide small businesses with more information and clarity regarding federal regulations that may impact their operations. The bill requires federal agencies to publish plain language summaries of proposed regulations on their websites, making it easier for small business owners to understand how these regulations may affect them.

Additionally, the bill requires agencies to conduct outreach to small businesses to gather feedback on proposed regulations, ensuring that their perspectives are taken into account during the rulemaking process. This increased transparency and engagement with small businesses is intended to help them better navigate the regulatory landscape and comply with federal requirements.

Overall, the Regulatory Transparency for Small Businesses Act seeks to empower small businesses by providing them with the information and opportunities to participate in the regulatory process, ultimately fostering a more business-friendly environment for these important economic contributors.

Current Status of Bill HR 8033

Bill HR 8033 is currently in the status of Bill Introduced since April 17, 2024. Bill HR 8033 was introduced during Congress 118 and was introduced to the House on April 17, 2024.  Bill HR 8033's most recent activity was Reported by the Committee on Small Business. H. Rept. 118-851, Part I. as of December 10, 2024

Bipartisan Support of Bill HR 8033

Total Number of Sponsors
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
0
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8033

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 8033

Regulatory Transparency for Small Businesses ActRegulatory Transparency for Small Businesses ActTo amend title 5, United States Code, to clarify the information required to be included in a certification by an agency that a rule will not have a significant economic impact on a substantial number of small entities.
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