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This bill amends the Regulatory Flexibility Act to require federal agencies to provide more detailed disclosure of their regulatory agendas. Specifically, it requires agencies to identify which sectors of the economy (using the North American Industrial Classification System) will be affected by proposed rules with significant economic impact on small entities. The bill also mandates that agencies post plain-language summaries of their regulatory agendas on their websites within 3 days of publication, and requires the Small Business Administration to compile and display these summaries on its website.
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