SB2487 Summary

• Creates an Office of Small Business Regulatory Review within the Department of Business, Economic Development, and Tourism, headed by a Director of Small Business Regulatory Review

• Establishes a streamlined review process where the Director analyzes proposed rules and the Small Business Regulatory Review Board must approve or reject the Director's recommendations within 10 days; failure to meet the deadline results in automatic acceptance of the Director's position

• Requires the Director and board members to receive training from the Department of Attorney General regarding their roles and the hierarchy of Hawaii Revised Statutes and Administrative Rules

• Mandates the Director submit an annual report to the legislature detailing small business review requests, rule impacts, actions taken, and outcomes; requires all state agencies to cooperate in providing information

• Repeals the petition process for regulatory review (Section 201M-6) and simplifies small business impact statement requirements by removing detailed enumeration of statement contents