Senate Bill 113 (Chapter 112) and SB 120 (Chapter 113) were signed by the governor July 22 and effective January 1, 2016 amend the Regulatory Transparency and Accountability Act to require each agency to submit a regulatory impact statement to the Registrar of Regulations; require the Registrar of Regulations to transmit impact statements to the appropriate standing committee of the General Assembly; expand the definition of small business; and require adoption of guidelines to assist agencies.
August 7, 2015