DE HB420

Clarifies that "individual" under the Regulatory Flexibility Act means a natural person engaged in a business as a sole proprietor, officer, director, employee or otherwise, and excludes individuals affected by regulations only in their personal capacity.

Limits judicial review of agency compliance with regulatory flexibility requirements to whether the required agency regulatory statement was submitted, not the adequacy or sufficiency of the statement.

Establishes that regulatory flexibility obligations do not create an independent private cause of action beyond what is already provided in Title 29, Section 10141.

Applies to all new or amended regulations submitted to the Registrar of Regulations on or after January 1, 2016.