Small Business Regulatory Flexibility Improvements Act

Bill 115 s 584, also known as the Small Business Regulatory Flexibility Improvements Act, aims to make changes to the regulatory process for small businesses in the United States. The bill was introduced in the Senate on March 8, 2021, by Senator James Lankford.

The main purpose of this bill is to improve the regulatory process for small businesses by requiring federal agencies to consider the impact of their regulations on small businesses. This includes conducting a thorough analysis of the potential economic effects of proposed regulations on small businesses and providing opportunities for small businesses to provide input on proposed regulations.

Additionally, the bill aims to increase transparency in the regulatory process by requiring federal agencies to publish plain language summaries of proposed regulations and their potential impact on small businesses. This will help small businesses better understand and prepare for regulatory changes that may affect them. Overall, the Small Business Regulatory Flexibility Improvements Act seeks to make the regulatory process more fair and transparent for small businesses, ensuring that they have a voice in the development of regulations that may impact their operations.