HB 34 Summary

• Amends Delaware's Regulatory Flexibility Act (Title 29, Chapter 104) to require agencies to prepare regulatory flexibility analyses before issuing regulations that impact small businesses.

• Mandates agencies prepare economic impact statements prior to adopting proposed regulations, including estimated costs for reports, compliance measures, legal/consulting services, and ability of small businesses to absorb costs.

• Requires agencies to review all existing rules within four years of enactment to determine whether rules should continue, be amended, or be rescinded to minimize economic impact on small businesses; new rules must be reviewed every five years.

• Establishes judicial review rights allowing small businesses adversely affected by final agency action to challenge agency compliance with these requirements within one year of final agency action.

• Requires agencies to publish economic impact statements and regulatory flexibility analyses simultaneously with notice of proposed rules under the Administrative Procedure Act.