Small Business Regulatory Freedom Act establishes review and assessment processes for regulations.
The Small Business Regulatory Freedom Act mandates that state agencies prepare assessment reports for regulations with substantial economic impact. These reports must include cost-benefit analyses, economic impact statements, and regulatory flexibility analyses. The Office of Research and Statistics reviews these reports and can request additional information. Regulations must be submitted to the General Assembly for review, with a 120-day period for action. If no action is taken within 60 days, the regulation is placed on the full committee agenda.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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