Regulatory Flexibility Act

This act governs how executive branch agencies develop and adopt regulations, directing them to assess a proposed rule's likely effects before it takes effect. Its central mechanisms are analytical and procedural: agencies must prepare regulatory impact statements and regulatory flexibility analyses for proposed regulations, and notice of a proposed regulation is transmitted to the standing committees of the legislature, which may submit comments. The act also defines exemptions from these requirements and how they apply, provides for periodic review of existing agency regulations, and calls for interagency cooperation and the issuance of guidelines to carry out its terms.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.