Asked by Sarah Wilkerson on May 20, 2024
Verified
An agency must conduct a regulatory flexibility analysis whenever a new regulation will significantly impact a substantial number of small businesses.
Regulatory Flexibility Analysis
An evaluation required by law for some new regulations, assessing the impact of the regulation on small entities.
Significant Impact
A considerable effect on something, particularly relating to decisions or actions that greatly affect a company, environment, or policy.
Small Businesses
Enterprises characterized by a small number of employees or low revenue, playing a significant role in economic development and innovation.
- Recognize the requirements for regulatory flexibility analyses.
Verified Answer
MC
Mallory CoelhoMay 25, 2024
Final Answer :
True
Explanation :
The Regulatory Flexibility Act requires agencies to assess the impact of their proposed regulations on small entities, including small businesses, and to consider less burdensome alternatives.
Learning Objectives
- Recognize the requirements for regulatory flexibility analyses.