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Regulatory Flexibility Act: Status of Agencies' Compliance

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Report Type Reports and Testimonies
Report Date April 27, 1994
Report No. GGD-94-105
Subject
Summary:

The Regulatory Flexibility Act requires federal agencies to assess the effects of their proposed rules on small entities, which include small businesses, small government jurisdictions, and small not-for-profit groups. As a result of their assessments, agencies must either do an analysis describing the impact of the proposed rules on small entities or certify their rules will not have "a significant economic impact on a substantial number of small entities." This report reviews (1) the Small Business Administration's (SBA) annual compliance with the act and generalizes from the reports about which agencies have or have not implemented the act effectively and (2) SBA annual reports and related documents on the extent to which they have complied with the act's requirements that they periodically examine their rules.

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