DE SB113

Requires state agencies to submit "regulatory impact statements" when proposing regulations that impose additional costs or burdens on individuals and small businesses, including descriptions of purpose, affected parties, compliance costs, and alternative methods.

Expands the definition of "small business" from enterprises with fewer than 20 employees and less than $4,000,000 in gross receipts to those with fewer than 50 employees and less than $10,000,000 in gross receipts.

Mandates the Registrar of Regulations to transmit regulatory impact statements to appropriate General Assembly standing committees for their review and comments on potential impacts to individuals and small businesses.

Repeals prior section requiring agencies to consider exemptions or lesser compliance standards for small businesses, replacing it with new regulatory impact statement requirements.

Directs the Registrar, Office of Management and Budget, and Department of State to adopt guidelines by November 15, 2015 to assist agencies in preparing regulatory impact statements; becomes effective January 1, 2016.