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GA SB429
Bill
Status
Engrossed
2/26/2024
Primary Sponsor
Greg Dolezal
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AI Summary
- Requires the Office of Planning and Budget and Department of Audits and Accounts to prepare small business impact analyses for bills upon request, estimating costs and benefits to businesses with 300 or fewer employees, with a 30-day turnaround (10 days during session)
- Requires agencies proposing new administrative rules to include an economic impact analysis with the notice, covering the number of affected businesses, compliance costs, and probable effects on individuals and businesses
- Increases the small business employee threshold for reduced regulatory compliance requirements from 100 to 300 employees and mandates agencies choose regulatory alternatives that do not impose excessive costs when less expensive options exist
- Strengthens legislative oversight of administrative rules by allowing both standing committees to block a proposed rule by two-thirds vote, deeming it withdrawn unless the agency formally notifies the legislature of its intent to proceed, and requiring emergency rules to receive Governor approval before taking effect
- Establishes a seven-year sunset review cycle for all agency rules and regulations, requiring agencies to analyze necessity, cost-effectiveness, and less restrictive alternatives, with rules automatically repealed on December 31 of the review year unless continued or repromulgated
Legislative Description
"Small Business Protection Act of 2024"; enact
Last Action
Senate Agreed House Amend or Sub As Amended
3/28/2024
Committee Referrals
Budget and Fiscal Affairs Oversight2/27/2024
Regulated Industries and Utilities1/31/2024
Full Bill Text
No bill text available