Summary: H.R.7953 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for H.R.7953. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/22/1977)

Small Business Impact Statement Act - Directs the head of each Federal agency to prepare a small business impact statement in connection with each rule made by such agency unless the agency head, with the approval of the Office of Advocacy of the Small Business Administration determines that such rule will not have a substantial effect on a significant number of small business.

Sets forth information which must be present in each small business impact statement.

Prescribes steps which each agency head must follow in preparing any small business impact statement including publication of the statement in the Federal Register.