DE HB390

Requires agencies to prepare regulatory flexibility analyses before issuing regulations, considering methods to minimize adverse impacts on small businesses such as less stringent compliance requirements, extended deadlines, simplified reporting, performance standards, or exemptions.

Mandates agencies to prepare economic impact statements for proposed regulations affecting small businesses, covering reporting costs, compliance investments, legal/consulting fees, business absorption capacity, administrative costs, and public interest impacts.

Requires agencies to review all existing rules within 4 years and new rules every 5 years to ensure they minimize economic impact on small businesses while meeting statutory objectives, considering continued need, public complaints, complexity, regulatory overlap, and technological changes.

Establishes judicial review rights for small businesses adversely affected by regulations, allowing challenges to 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.