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RI S2665
Bill
Status
2/27/2026
Primary Sponsor
Andrew Dimitri
Click for details
AI Summary
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Amends economic impact statement requirements for proposed regulations affecting small businesses to include a finding that compliance costs scale proportionally with business size and do not impose fixed costs that larger businesses can absorb more easily
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Requires agencies to submit proposed regulations to the governor's office and office of regulatory reform at least 15 days before formal rulemaking begins, with oversight from the office of regulatory reform
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Economic impact statements must identify the number of affected small businesses, projected compliance costs, and descriptions of less intrusive or less costly alternative methods
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Excludes public utilities regulated by the public utilities commission, regulated financial institutions, broker-dealers, and insurance companies from these requirements
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Takes effect upon passage
Legislative Description
Requires agencies preparing economic impact statements for small businesses contain findings that the anticipated compliance costs of a proposed rule scale proportionally with the business size, and do not impose fixed costs that favor larger businesses.
State Affairs And Government
Last Action
Introduced, referred to Senate Finance
2/27/2026