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Office of the Registrar of Regulations, Legislative Council, State of DelawareRegulatory Flexibility Analysis and Impact Statement Form For Proposed New and Amended Regulations Affecting Small Businesses

How to fill out regulatory flexibility act

How to fill out regulatory flexibility act

1. Identify the specific regulatory requirement that may impact small entities.
2. Analyze the impact the regulation may have on small entities.
3. Consider alternatives that will lessen the economic impact on small entities while still achieving the regulatory objectives.
4. Seek input from affected small entities during the rulemaking process.
5. Publish a final regulatory flexibility analysis that summarizes the impacts on small entities and describes how they were addressed.

Who needs regulatory flexibility act?

1. Small businesses
2. Small organizations
3. Small governmental jurisdictions

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What is regulatory flexibility act?

The Regulatory Flexibility Act (RFA) is a United States federal law that aims to ensure that regulations do not unnecessarily burden small entities.

Who is required to file regulatory flexibility act?

Federal agencies are required to prepare and publish an Initial Regulatory Flexibility Analysis (IRFA) for proposed rules and a Final Regulatory Flexibility Analysis (FRFA) for final rules that will have a significant economic impact on a substantial number of small entities.

How to fill out regulatory flexibility act?

The regulatory flexibility act can be filled out by providing information on the potential economic impacts of a proposed or final rule on small entities, conducting outreach to small entities, and considering less burdensome alternatives.

What is the purpose of regulatory flexibility act?

The purpose of the Regulatory Flexibility Act is to minimize the impact of federal regulations on small businesses, nonprofit organizations, and small governmental jurisdictions by requiring federal agencies to consider the effects of their regulations on these entities.

What information must be reported on regulatory flexibility act?

The Regulatory Flexibility Act requires federal agencies to provide information on the objectives and legal basis of the rule, the small entities affected by the rule, the projected impacts on these entities, and any alternatives considered by the agency.