S.2665

Rhode Island S2665 mandates economic impact statements for small businesses to ensure compliance costs scale with business size.

Rhode Island S2665 requires agencies to include specific findings in economic impact statements for proposed rules affecting small businesses. These findings must confirm that the anticipated compliance costs scale proportionally with the business size and do not impose fixed costs that larger businesses can absorb more easily. The statements must also describe any less intrusive or less costly alternatives. The statements will be published in guide form and posted on the department of administration and the office of management and budget websites.