S Amdt 1497 - Small Business Impact Analysis - National Key Vote

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Title: Small Business Impact Analysis

Vote Smart's Synopsis:

Vote to adopt an amendment that changes the definition of a "major rule" from a rule or set of rules that has a gross annual effect on the economy of $50 million or more to $100 million or more.


  • Requires federal agencies to run cost-benefit analyses and risk assessments of all regulations.
  • Specifies that regulations that are predicted to have an affect of $100 million or more net loss in the economy should be eliminated or not approved.