Definition of Regulatory Flexibility Act (RFA)

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TeachMeFinance.com - explain Regulatory Flexibility Act (RFA)



Regulatory Flexibility Act (RFA)

The term 'Regulatory Flexibility Act (RFA) ' as it applies to the area of agriculture can be defined as ' P.L. 96-354 (September 19,1964) requires federal agencies to consider the special needs and concerns of small business entities whenever they engage in rulemaking subject to notice and comment requirements of the Administrative Procedure Act or other laws. In most cases, when an agency publishes a proposed rule in the Federal Register, it must prepare and publish a regulatory flexibility analysis describing the impact on small businesses'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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