Relates to the provision of regulatory information to small businesses through the establishment of a small business regulatory nexus by certain agencies.
Summary
Bill S07332 aims to enhance the accessibility of regulatory information for small businesses in New York by establishing a 'small business regulatory nexus' on the websites of agencies that significantly impact small businesses. This section will provide essential resources, including regulatory guides, compliance assistance programs, and opportunities for feedback, thereby facilitating better understanding and compliance with regulations by small businesses and local governments.
Impact
The bill amends the state administrative procedure act, requiring agencies with substantial regulatory impacts to create a dedicated section on their websites for small businesses. This change is expected to streamline access to regulatory information, improve compliance rates, and potentially reduce the burden of regulatory requirements on small businesses. It also mandates that agencies provide interactive feedback mechanisms, which could enhance communication between businesses and regulatory bodies.
Sentiment
The sentiment around Bill S07332 has been overwhelmingly positive, as evidenced by unanimous support in committee and floor votes, with no recorded opposition. The bill has been viewed as a necessary step to support small businesses, which are crucial to the state's economy, and to simplify their interaction with regulatory frameworks.
Contention
There have been no notable points of contention regarding this bill during discussions or voting. The unanimous support suggests a consensus among lawmakers about the importance of providing better regulatory information to small businesses, indicating that both sides of the aisle recognize the potential benefits of the proposed changes.
Same As
Relates to the provision of regulatory information to small businesses through the establishment of a small business regulatory nexus by certain agencies.
Relates to the provision of regulatory information to small businesses through the establishment of a small business regulatory nexus by certain agencies.
Creating the regulatory relief division within the office of the attorney general and establishing the general regulatory sandbox program to waive or suspend rules and regulations for program participants.