LCO 1 of 3 General Assembly Substitute Bill No. 1402 January Session, 2025 AN ACT MODIFYING THE REGULATORY FLEXIBILITY ANALYSIS OF REGULATIONS AFFECTING SMALL BUSINESSES. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Subsection (b) of section 4-168a of the general statutes is 1 repealed and the following is substituted in lieu thereof (Effective July 1, 2 2025): 3 (b) Prior to or concomitant with the posting of a notice pursuant to 4 section 4-168, each agency shall prepare a regulatory flexibility analysis 5 in which the agency shall identify: 6 (1) The scope and objectives of the proposed regulation; 7 (2) The types of businesses potentially affected by the proposed 8 regulation; 9 (3) The total number of small businesses potentially subject to the 10 proposed regulation; 11 (4) Whether small businesses, in order to comply with the proposed 12 regulation, may be required to: (A) Create, file or issue additional 13 reports; (B) implement additional recordkeeping procedures, including, 14 but not limited to, the retention of records for a period of time; (C) 15 provide additional administrative oversight; (D) hire additional 16 Substitute Bill No. 1402 LCO 2 of 3 employees; (E) hire or contract with additional professionals, including, 17 but not limited to, lawyers, accountants, engineers, auditors or 18 inspectors; (F) purchase any product or make any capital investment; 19 (G) conduct additional training, audits or inspections; [or] (H) pay 20 additional taxes or fees; (I) modify or provide an additional employee 21 benefit; or (J) modify a product manufactured by the small business or 22 the packaging of such product; 23 (5) Whether and to what extent the agency communicated with small 24 businesses or small business organizations in developing the proposed 25 regulation and the regulatory flexibility analysis, if applicable; 26 (6) Whether and to what extent the proposed regulation provides 27 alternative compliance methods for small businesses that will 28 accomplish the objectives of applicable statutes while minimizing 29 adverse impact on small businesses. Such methods shall be consistent 30 with public health, safety and welfare and may include, but not be 31 limited to: 32 (A) The establishment of less stringent compliance or reporting 33 requirements for small businesses; 34 (B) The establishment of less stringent schedules or deadlines for 35 compliance or reporting requirements for small businesses; 36 (C) The consolidation or simplification of compliance or reporting 37 requirements for small businesses; 38 (D) The establishment of performance standards for small businesses 39 to replace design or operational standards required in the proposed 40 regulation; and 41 (E) The exemption of small businesses from all or any part of the 42 requirements contained in the proposed regulation. 43 This act shall take effect as follows and shall amend the following sections: Substitute Bill No. 1402 LCO 3 of 3 Section 1 July 1, 2025 4-168a(b) CE Joint Favorable Subst.