An Act Concerning Regulations Of Significant Impact.
The proposed legislation reflects a significant shift towards ensuring that public input is prioritized in the regulatory process. By requiring agencies to conduct a detailed impact analysis that considers both qualitative and quantitative factors, the bill aims to balance the need for regulatory measures with the potential burdens they may place on affected stakeholders. If implemented, it will help mitigate unwarranted financial strains on businesses, especially smaller enterprises that may struggle with compliance costs. The anticipated result is a more informed and involved public, leading to better regulatory outcomes that align with community needs.
SB00349, titled 'An Act Concerning Regulations Of Significant Impact,' seeks to enhance the procedures followed by state agencies when proposing new regulations that are deemed to have significant impacts. The bill mandates that agencies provide clear notice and explanations of proposed regulations at least thirty days prior to their adoption. This is intended to ensure proper public engagement and transparency during the regulatory process. Agencies will be required to assess and make public the potential financial impacts on small businesses and the state, thereby allowing for further scrutiny of the proposed regulations.
Although the bill emphasizes transparency and public engagement, there are points of contention amongst stakeholders. Supporters argue that the changes will prevent hasty regulations that could harm small businesses and allow for a thorough examination of potential impacts. However, opponents fear that the extensive process required to analyze and gather feedback may delay necessary regulations, potentially hindering the ability of agencies to respond swiftly to emerging issues. This friction highlights an ongoing debate about the appropriate balance between regulatory rigor and timely action in governance.