What is the Federal Regulatory Flexibility Act?

The Federal Regulatory Flexibility Act (FRFA) is a federal law that requires federal agencies to consider the potential economic impact of proposed regulations on small businesses and other organizations in the United States. The FRFA applies to all federal rules, orders, and other actions that affect small entities. The FRFA requires federal agencies to carry out certain specific steps when making rules or regulations that affect small entities. This includes an analysis of the potential economic impacts that the proposed regulation will have on small businesses. The analysis must consider the direct costs and benefits of the proposed regulation, and must be consistent with the objectives of applicable statutes. The FRFA also requires federal agencies to consider alternatives to the proposed regulation, such as granting exemptions or waivers, that may minimize any significant economic impacts on small entities. Additionally, the FRFA requires federal agencies to provide a notice and comment opportunity to small entities before making a final decision on the proposed regulation. In Florida, the Office of Regulatory Reform serves as the central point for all regulatory reform activities. The Office of Regulatory Reform is responsible for providing information and assistance to businesses and other entities regarding the FRFA and other regulatory relief initiatives.

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What is the Federal Regulatory Flexibility Act?

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