United States Code

5 U.S.C. § 604

Final regulatory flexibility analysis

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Bills that would change it 12

  • HR 421 Small Business Regulatory Flexibility Improvements Act Amends 604(a), 604(a)(2) · introduced · 119th Congress
  • HR 1606 Making the CFPB Accountable to Small Businesses Act of 2025 Amends 604(a) · introduced · 119th Congress
  • HR 358 Small Business Regulatory Flexibility Improvements Act Amends 604(a), 604(a)(2) · introduced · 118th Congress
  • HR 9032 Enhanced Regulatory Flexibility Assessment Act Amends 604(a), 604(a)(2) · introduced · 118th Congress
  • HR 2798 CFPB Transparency and Accountability Reform Act Amends 604(a) · introduced · 118th Congress
  • HR 1749 Making the CFPB Accountable to Small Businesses Act of 2023 Amends 604(a) · introduced · 118th Congress
  • HR 8933 Small Business Regulatory Flexibility Improvements Act Amends 604(a), 604(a)(2) · introduced · 117th Congress
  • HR 8443 Making the CFPB Accountable to Small Businesses Act of 2022 Amends 604(a) · introduced · 117th Congress
  • S 1120 Small Business Regulatory Flexibility Improvements Act Amends 604(a), 604(a)(2) · introduced · 116th Congress
  • S 584 Small Business Regulatory Flexibility Improvements Act Amends 604(a), 604(a)(2) · introduced · 115th Congress
  • HR 5 Regulatory Accountability Act of 2017 Amends 604(a) · introduced · 115th Congress
  • HR 33 Small Business Regulatory Flexibility Improvements Act of 2017 Amends 604(a) · introduced · 115th Congress

The law today

From the official United States Code, current through Public Law 119-124.

(a) When an agency promulgates a final rule under section 553 of this title, after being required by that section or any other law to publish a general notice of proposed rulemaking, or promulgates a final interpretative rule involving the internal revenue laws of the United States as described in section 603(a), the agency shall prepare a final regulatory flexibility analysis. Each final regulatory flexibility analysis shall contain— (1) a statement of the need for, and objectives of, the rule; (2) a statement of the significant issues raised by the public comments in response to the initial regulatory flexibility analysis, a statement of the assessment of the agency of such issues, and a statement of any changes made in the proposed rule as a result of such comments; (3) the response of the agency to any comments filed by the Chief Counsel for Advocacy of the Small Business Administration in response to the proposed rule, and a detailed statement of any change made to the proposed rule in the final rule as a result of the comments; (4) a description of and an estimate of the number of small entities to which the rule will apply or an explanation of why no such estimate is available; (5) a description of the projected reporting, recordkeeping and other compliance requirements of the rule, including an estimate of the classes of small entities which will be subject to the requirement and the type of professional skills necessary for preparation of the report or record; (6)  1 a description of the steps the agency has taken to minimize the significant economic impact on small entities consistent with the stated objectives of applicable statutes, including a statement of the factual, policy, and legal reasons for selecting the alternative adopted in the final rule and why each one of the other significant alternatives to the rule considered by the agency which affect the impact on small entities was rejected; and (6)  1 for a covered agency, as defined in section 609(d)(2), a description of the steps the agency has taken to minimize any additional cost of credit for small entities. (b) The agency shall make copies of the final regulatory flexibility analysis available to members of the public and shall publish in the Federal Register such analysis or a summary thereof.
Official text at uscode.house.gov ↗