Small Businesses before Bureaucrats Act

Bill 117 HR 7743, also known as the Small Businesses before Bureaucrats Act, aims to reduce the regulatory burden on small businesses by requiring federal agencies to consider the impact of their regulations on small businesses before implementing them. The bill requires agencies to conduct a Small Business Impact Analysis for any proposed rule that may have a significant economic impact on small businesses.

The Small Business Impact Analysis must include an assessment of the potential costs and benefits of the proposed rule on small businesses, as well as an analysis of any less burdensome alternatives that could achieve the same regulatory objectives. The bill also requires agencies to provide small businesses with an opportunity to comment on proposed rules and to consider their input before finalizing regulations.

Overall, the Small Businesses before Bureaucrats Act aims to promote transparency and accountability in the regulatory process, ensuring that small businesses are not disproportionately burdened by unnecessary regulations. By requiring agencies to consider the impact of their rules on small businesses, the bill seeks to foster a more business-friendly regulatory environment that supports the growth and success of small businesses across the country.