Regulatory Flexibility Act

The Regulatory Flexibility Act (RFA) is a U.S. law aimed at reducing the economic impact of federal regulations on small businesses. It requires government agencies to assess how proposed rules might affect small entities and consider alternatives that would lessen any negative consequences. The RFA promotes more thoughtful regulation by encouraging agencies to involve small businesses in the decision-making process, ensuring that regulations are both effective and not overly burdensome, thereby fostering a fairer environment for small enterprises while maintaining necessary oversight.