Regulatory Flexibility Analysis Sample Clauses
A Regulatory Flexibility Analysis clause requires an assessment of how proposed regulations or contractual obligations may impact small entities, such as small businesses or organizations. In practice, this clause mandates that the party responsible for drafting rules or policies must evaluate and document the potential economic effects on these smaller entities, often suggesting alternatives or mitigations to minimize undue burdens. The core function of this clause is to ensure that regulatory actions are considerate of the unique challenges faced by small entities, promoting fairness and preventing disproportionate compliance costs.
Regulatory Flexibility Analysis. The Regulatory Flexibility Act (RFA) generally requires that when an agency issues a proposed rule, or a final rule pursuant to section 553(b) of the Administrative Procedure Act or another law, the agency must prepare a regulatory flexibility analysis that meets the requirements of the RFA and publish such analysis in the Federal Register. 5 U.S.C. 603, 604. Rules that are exempt from notice and comment under the APA are also exempt from the RFA requirements, including the requirement to conduct a regulatory flexibility analysis, when among other things the agency for good cause finds that notice and public procedure are impracticable, unnecessary, or contrary to the public interest. Since this rule is exempt from the notice and comment requirements of the APA, Treasury is not required to conduct a regulatory flexibility analysis. Executive compensation, Public health emergency, State and local governments, Tribal governments. For the reasons stated in the preamble, the Department of the Treasury amends 31 CFR part 35 as follows: