Section 25 Regulatory Modernization 3

Said section 2 of said chapter 30A, as so appearing, is hereby further amended by striking out the fifth and sixth paragraphs and inserting in place thereof the following 2 paragraphs:-

That small business impact statement shall include, but not be limited to, the following:

(1) an estimate of the number of small businesses subject to the proposed regulation;

(2) projected reporting, recordkeeping and other administrative costs required for compliance with the proposed regulation;

(3) the appropriateness of performance standards versus design standards;

(4) an identification of regulations of the promulgating agency, or of another agency or department of the commonwealth, which may duplicate or conflict with the proposed regulation;

(5) an analysis of whether the proposed regulation is likely to deter or encourage the formation of new businesses in the commonwealth;

(6) an analysis of whether the proposed regulation is likely to require small businesses to hire additional employees in order to comply; and

(7) audits, inspections or other regulatory enforcement activities with which the small business will have to comply.

The public hearing shall comply with any requirements imposed by law, but shall not be subject to the provisions of this chapter governing adjudicatory proceedings. The agency shall make available on its website all written comments received by the agency regarding the proposed regulation, or a summary thereof.

This section requires additional information to be included in the small business impact statement and requires the electronic publication of comments received.