The principal thing that it does is require that when federal agencies are considering new rules or regulations, they have to get input from small businesses and determine what the impact will be, both direct and indirect.
Chabot discusses the Regulatory Flexibility Improvements Act's requirement for federal agencies to consult small businesses.
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The breadth and depth of information about nearly every American held by private companies is breathtaking and can easily be abused if adequate safeguards are not in place.
I have no further speakers and would be willing to close at this time unless the gentleman has additional speakers. I reserve the balance of my time.
We've been pushing this for a long time, it's the Tropical Forest and Coral Reef Conservation Reauthorization Act.
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