Rhode Island H7449 mandates economic impact statements for proposed regulations affecting small businesses to ensure compliance costs scale with.

Rhode Island H7449 amends existing law to require agencies preparing economic impact statements for proposed rules affecting small businesses to include findings that compliance costs scale proportionally with business size. The bill ensures that fixed costs do not disproportionately favor larger businesses. It mandates the publication of these statements on relevant websites and requires agencies to submit proposed regulations to the governor’s office and the office of regulatory reform at least 15 days before formal rulemaking. Certain regulated industries are excluded from this requirement.

Rhode Island H7449 mandates economic impact statements for proposed regulations affecting small businesses to ensure compliance costs scale with.

Rhode Island H7449 amends existing law to require agencies preparing economic impact statements for proposed rules affecting small businesses to include findings that compliance costs scale proportionally with business size. The bill ensures that fixed costs do not disproportionately favor larger businesses. It mandates the publication of these statements on relevant websites and requires agencies to submit proposed regulations to the governor’s office and the office of regulatory reform at least 15 days before formal rulemaking. Certain regulated industries are excluded from this requirement.