,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bgdg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ca1 #bjad ,mr4  
,kirk introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to require ,f$]al ag5cies 
to review c]ta9 rules & regulations1 & =
 o!r purposes4  #a4 ,%ort title  ,?is   
,act may be cit$ z ! ,small ,bus9ess    
,regulatory ,sunset ,act ( #bjad4  #b4  
,def9itions ,9 ?is ,act-- 7#a7 ! t]m    
ag5cy has ! mean+ giv5 ! t]m 9 section  
#eea ( title #e1 ,unit$ ,/ates ,code2   
7#b7 ! t]m cov]$ rule means any rule or 
gr\p ( rules-- 7,a7 = :i* an ag5cy is   
requir$ to prep>e a regulatory          
flexibility analysis "u section #fjc or 
#fjd ( title #e1 ,unit$ ,/ates ,code2 & 
7,b7 t is a major rule2  7#c7 ! t]m     
major rule has ! mean+ giv5 ! t]m 9     
section #hjd ( title #e1 ,unit$ ,/ates  
,code2 &  7#d7 ! t]ms rule & small      
entity h ! mean+s giv5 ^? t]ms 9 section
 #fja ( title #e1 ,unit$ ,/ates ,code4  

#c4 ,p]iodic review ( preexi/+ small    
bus9ess regulations ,section #faj (     
title #e1 ,unit$ ,/ates ,code1 is am5d$ 
to read z foll[s3  #faj4 ,p]iodic review
 ( rules  7a7 7#a7 ,n lat] ?an #ahj days
 aft] ! date ( enactm5t ( ! ,small      
,bus9ess ,regulatory ,sunset ,act (     
#bjad1 ea* ag5cy %all e/abli% a plan = !
 p]iodic review (--  7,a7 ea* rule issu$
 by ! ag5cy t ! head ( ! ag5cy det]m9es 
has a significant economic impact on a  
sub/antial numb] ( small entities1 )\t  
reg>d to :e!r ! ag5cy p]=m$ an analysis 
"u section #fjd ) respect to ! rule2 &  
7,b7 any small entity compliance guide  
requir$ to be publi%$ by ! ag5cy "u     
section #bab ( ! ,small ,bus9ess        
,regulatory ,en=cem5t ,fairness ,act (  
#aiif 7#e ,u4,s4,c4 #fja note74  7#b7 ,9
 review+ rules & small entity compliance
 guides "u p>agraph 7#a71 ! ag5cy %all  
det]m9e :e!r ! rules & guides %\ld--    
7,a7 be am5d$ or resc9d$1 consi/5t ) !  
/at$ objectives ( applicable /atutes1 to
 m9imize any significant adv]se economic

 impacts on a sub/antial numb] ( small  
entities 7includ+ an e/imate ( any      
adv]se impacts on job creation &        
employm5t by small entities72 or  7,b7  
cont9ue 9 effect )\t *ange4  7#c7 ,ea*  
ag5cy %all publi% ! plan e/abli%$ "u    
p>agraph 7#a7 9 ! ,f$]al ,regi/] & on ! 
,web site ( ! ag5cy4  7#d7 ,an ag5cy may
 am5d ! plan e/abli%$ "u p>agraph 7#a7  
at any "t by publi%+ ! am5dm5t 9 !      
,f$]al ,regi/] & on ! ,web site ( !     
ag5cy4  7b7 ,ea* plan e/abli%$ "u       
subsection 7a7 %all provide =--  7#a7 ! 
review ( ea* rule & small entity        
compliance guide describ$ 9 subsection  
7a77#a7 9 effect on ! date ( enactm5t ( 
! ,small ,bus9ess ,regulatory ,sunset   
,act ( #bjad--  7,a7 n lat] ?an #i ye>s 
aft] ! date ( publication ( ! plan 9 !  
,f$]al ,regi/]2 &  7,b7 e #i ye>s       
!reaft]2 &  7#b7 ! review ( ea* rule    
adopt$ & small entity compliance guide  
describ$ 9 subsection 7a77#a7 t is      
publi%$ aft] ! date ( enactm5t ( !      
,small ,bus9ess ,regulatory ,sunset ,act

 ( #bjad--  7,a7 n lat] ?an #i ye>s aft]
 ! publication ( ! f9al rule 9 ! ,f$]al 
,regi/]2 &  7,b7 e #i ye>s !reaft]4  7c7
 ,9 review+ rules "u ! plan requir$ "u  
subsection 7a71 ! ag5cy %all consid]--  
7#a7 ! cont9u$ ne$ = ! rule2  7#b7 !    
nature ( compla9ts receiv$ by ! ag5cy f 
small entities conc]n+ ! rule2  7#c7    
comm5ts by ! ,regulatory ,en=cem5t      
,ombudsman & ! ,*ief ,c\nsel = ,advocacy
 ( ! ,small ,bus9ess ,adm9i/ration2     
7#d7 ! complexity ( ! rule2  7#e7 !     
ext5t to :i* ! rule ov]laps1 duplicates1
 or conflicts ) o!r ,f$]al rules &1     
unless ! head ( ! ag5cy det]m9es x to be
 infeasible1 ,/ate & local rules2  7#f7 
! contribution ( ! rule to ! cumulative 
economic impact ( all ,f$]al rules on ! 
class ( small entities affect$ by !     
rule1 unless ! head ( ! ag5cy det]m9es t
 su* a calculation _c be made2  7#g7 !  
l5g? ( "t s9ce ! rule has be5 evaluat$1 
or ! degree to :i* te*nology1 economic  
conditions1 or o!r factors h *ang$ 9 !  
area affect$ by ! rule2 &  7#h7 !       

economic impact ( ! rule1 includ+--     
7,a7 ! e/imat$ numb] ( small entities to
 :i* ! rule w apply2  7,b7 ! e/imat$    
numb] ( small entity jobs t w be lo/ or 
creat$ due to ! rule2 &  7,c7 ! project$
 report+1 recordkeep+1 & o!r compliance 
requirem5ts ( ! propos$ rule1 includ+-- 
7i7 an e/imate ( ! classes ( small      
entities t w be subject to ! requirem5t2
 &  7ii7 ! type ( pr(essional skills    
necess>y = prep>ation ( ! report or     
record4  7d7 7#a7 ,ea* ag5cy %all submit
 an annual report reg>d+ ! results ( !  
review requir$ "u subsection 7a7 to--   
7,a7 ,congress2 &  7,b7 9 ! case ( an   
ag5cy t is n an indep5d5t regulatory    
ag5cy 7z def9$ 9 section #cejb7e7 (     
title #dd71 ! ,adm9i/rator ( ! ,(fice ( 
,in=mation & ,regulatory ,affairs ( !   
,(fice ( ,managem5t & ,budget4  7#b7    
,ea* report requir$ "u p>agraph 7#a7    
%all include a description ( any rule or
 small entity compliance guide ) respect
 to :i* ! ag5cy made a det]m9ation (    
infeasibility "u p>agraph 7#e7 or 7#f7 (

 subsection 7c71 toge!r ) a detail$     
explanation ( ! reasons = ! det]m9ation4
  7e7 ,ea* ag5cy %all publi% 9 ! ,f$]al 
,regi/] & on ! ,web site ( ! ag5cy a li/
 ( ! rules & small entity compliance    
guides to be review$ "u ! plan requir$  
"u subsection 7a7 t includes--  7#a7 a  
brief description ( ea* rule or guide2  
7#b7 = ea* rule1 ! reason :y ! head ( ! 
ag5cy det]m9$ t ! rule has a significant
 economic impact on a sub/antial numb] (
 small entities 7)\t reg>d to :e!r !    
ag5cy _h prep>$ a f9al regulatory       
flexibility analysis = ! rule72 &  7#c7 
a reque/ = comm5ts f ! public1 ! ,*ief  
,c\nsel = ,advocacy ( ! ,small ,bus9ess 
,adm9i/ration1 & ! ,regulatory ,en=cem5t
 ,ombudsman conc]n+ ! en=cem5t ( ! rules
 or publication ( ! guides4  7f7 7#a7 ,n
 lat] ?an #f mon?s aft] ea* date        
describ$ 9 p>agraphs 7#a7 & 7#b7 (      
subsection 7b71 ! ,inspector ,g5]al =   
ea* ag5cy %all--  7,a7 det]m9e :e!r !   
ag5cy has conduct$ ! review requir$ "u  
subsection 7b7 appropriately2 &  7,b7   

notify ! head ( ! ag5cy (--  7i7 !      
results ( ! det]m9ation "u subp>agraph  
7,a72 &  7ii7 any issues prev5t+ !      
,inspector ,g5]al f det]m9+ t ! ag5cy   
has conduct$ ! review "u subsection 7b7 
appropriately4  7#b7 7,a7 ,n lat] ?an #f
 mon?s aft] ! date on :i* ! head ( an   
ag5cy receives a notice "u p>agraph     
7#a77;,b7 t ! ag5cy has n conduct$ !    
review "u subsection 7b7 appropriately1 
! ag5cy %all address ! issues id5tifi$ 9
 ! notice4  7,b7 ,n lat] ?an #cj days   
aft] ! la/ day ( ! #f-mon? p]iod        
describ$ 9 subp>agraph 7,a71 !          
,inspector ,g5]al = an ag5cy t receives 
a notice describ$ 9 subp>agraph 7,a7    
%all--  7i7 det]m9e :e!r ! ag5cy has    
address$ ! issues id5tifi$ 9 ! notice2 &
  7ii7 notify ,congress if ! ,inspector 
,g5]al det]m9es t ! ag5cy has n address$
 ! issues id5tifi$ 9 ! notice4  7,c7 ,n 
lat] ?an #cj days aft] ! date on :i* !  
,inspector ,g5]al = an ag5cy transmits a
 notice "u subp>agraph 7,b77ii71 an     
am\nt equal to #a p]c5t ( ! am\nt       

appropriat$ = ! fiscal ye> to !         
appropriations acc\nt ( ! ag5cy t is us$
 to pay sal>ies %all be resc9d$4  7,d7  
,no?+ 9 ?is p>agraph may be con/ru$ to  
prev5t ,congress f act+ to prev5t a     
rescission "u subp>agraph 7,c74  4  #d4 
,sunset ( new small bus9ess regulations 
7a7 ,9 g5]al ,except z provid$ 9        
subsection 7b7 & beg9n+ on ! date (     
enactm5t ( ?is ,act1 ea* cov]$ rule     
promulgat$ by an ag5cy %all cease to h  
effect on ! date t is #g ye>s aft] !    
date on :i* ! f9al v]sion ( ! cov]$ rule
 is publi%$4  7b7 ,ext5sion ( rule  7#a7
 ,9 g5]al ,be=e ! end ( ! #g-ye> p]iod  
describ$ 9 subsection 7a71 an ag5cy may 
take action to r5ew a cov]$ rule 9      
accordance ) ! process describ$ 9       
p>agraph 7#b7 & if su* action is tak51 !
 cov]$ rule %all rema9 9 effect until   
modifi$ or repeal$ by ! ag5cy action or 
/atute4  7#b7 ,r5ewal process  7,a7 ,9  
g5]al ,an ag5cy may r5ew a cov]$ rule by
 us+ ! notice & comm5t rulemak+ process4
  7,b7 ,requirem5ts ,9 conduct+ a       

rulemak+ to r5ew a cov]$ rule "u        
subp>agraph 7,a71 an ag5cy %all-- 7i7   
solicit & respond to public comm5t f    
entities affect$ by ! cov]$ rule2  7ii7 
comp>e ! project$ co/s ( ! cov]$ rule to
 ! actual co/s realiz$ by implem5tation 
( ! cov]$ rule & det]m9e :e!r           
modifications c be made to ! cov]$ rule 
to l[] ! co/ ( ! cov]$ rule2  7iii7     
consid] :e!r any regulatory alt]natives 
exi/ t w\ld accompli% ! same regulatory 
objective z ! cov]$ rule ) less ( an    
impact on affect$ small entities2 &     
7iv7 make modifications to ! cov]$ rule1
 if necess>y1 to reflect-- 7,i7 comm5ts 
solicit$ "u clause 7i72  7,,ii7         
modifications describ$ 9 clause 7ii72 & 
7,,iii7 any regulatory alt]natives      
describ$ 9 clause 7iii74