Lets small businesses petition the Small Business Administration to review federal agency findings that a proposed rule will not significantly affect small companies, and requires agencies to consider indirect costs of rules on small entities.

• Allows small entities and groups representing them to petition the Chief Counsel for Advocacy of the Small Business Administration to review an agency's certification that a proposed rule will not have a significant economic impact on a substantial number of small entities.
• Requires the Chief Counsel to make a prima facie determination on each petition and, if further review is warranted, to conduct a full review that may include a meeting with the agency and the Office of Information and Regulatory Affairs.
• Requires agencies to assess reasonably foreseeable indirect costs on small entities where feasible, and to post guidance documents for significant rules on regulations.gov with public comment.
• Provides that a rule ceases to be effective if an agency does not complete the required 10-year periodic review, unless the agency decides to reinstate it after a new review. No additional funds are authorized.

• Small Business Committee (House)
• Judiciary Committee (House)

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