Not exact matches
Unless the head
of an agency certifies that a proposed Rule is not likely to have a significant economic impact on a
substantial number of small entities, section 604
of the RFA requires that the agency present a final
regulatory flexibility analysis (FRFA) describing the Rule's impact on small entities and explaining how the agency made its decisions with respect to the application
of the Rule to small entities.
The States are concerned that the current
regulatory regime — in which collection
of substantial up - front fees is not prohibited — is such that increasing
numbers of unscrupulous operators will flock to this industry.
Pursuant to the
Regulatory Flexibility Act 5 U.S.C. 601 et seq., the Department must prepare a
regulatory flexibility analysis if the Secretary certifies that a final rule would have a significant economic impact on a
substantial number of small entities.