1、 https:/crsreports.congress.gov August 16, 2021The Regulatory Flexibility Act: An OverviewCongress enacted the Regulatory Flexibility Act (RFA; 5 U.S.C. 601-612) in 1980 to require federal agencies to consider the effects of their regulations on small businesses and other small entities. If a regula
2、tion is expected to have a “significant economic impact on a substantial number of small entities,” the RFA requires the issuing agency to consider regulatory impacts and alternatives, with the goal of minimizing significant economic impacts on small entities. In 1996, Congress amended the RFA in th
3、e Small Business Regulatory Enforcement Fairness Act, adding judicial review for some of the acts provisions, a requirement for a limited number of agencies to hold small business advocacy review panels, and a requirement for agencies to produce regulatory compliance guides. Overview of the Regulato
4、ry Flexibility Act The RFA requires federal agencies to assess the effects of their regulations on small entities, which it defines as including small businesses, small governmental jurisdictions, and certain small nonprofit organizations. The RFA applies to all regulatory agencies, including Cabine
