The bill, H. R. 421, aims to amend the Regulatory Flexibility Act to ensure that federal rules undergo a comprehensive analysis of their effects on small businesses and other small entities. It requires detailed initial and final regulatory flexibility analyses, considers...
Simple Explanation
H. R. 421 is a bill that wants to make sure that new rules are checked to see how they might affect small businesses, helping them follow the rules without getting into trouble for small mistakes, while also making sure they don't hurt others.