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H.R. 527, Small Business Regulatory Flexibility Improvements Act of 2015 1 (February 3, 2015)

handle is hein.congrec/cbo2040 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Q9PCOST ESTIMATE February 3, 2015 H.R. 527 Small Business Regulatory Flexibility Improvements Act of 2015 As ordered reported by the House Committee on the Judiciary on January 27, 2015 SUMMARY H.R. 527 would amend the Regulatory Flexibility Act (RFA) to expand the number of rules covered by the RFA and to require agencies to perform additional analysis of regulations that affect small businesses. The legislation also would provide new authorities to the Small Business Administration's (SBA's) Office of Advocacy to intervene and provide support for agency rulemaking. Finally, H.R. 527 would require the Government Accountability Office (GAO) to report on the implementation of the legislation. CBO estimates that implementing H.R. 527 would cost $55 million over the 2015-2020 period, assuming appropriation of the necessary funds. Enacting the bill could affect direct spending by agencies not funded through annual appropriations; therefore, pay-as- you-go procedures apply. CBO estimates, however, that any net increase in spending by those agencies would not be significant. Enacting H.R. 527 would not affect revenues. H.R. 527 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. If any federal agencies increase their mandatory fees to offset the costs of implementing the additional analysis required by the bill, H.R. 527 would increase the cost of an existing mandate on private entities to pay those fees. CBO expects that if such mandatory fees are increased as a result of the bill, the additional cost of the mandate in any one year would fall well below the annual threshold established in UMRA for private-sector mandates ($154 million in 2015, adjusted annually for inflation).

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