Bill > SB2487

This bill establishes the Office of Small Business Regulatory Review, headed by a Director, to streamline the process of reviewing proposed and existing rules that affect small businesses in Hawaii, aiming to address concerns that the previous Small Business Regulatory Review Board was too slow and hindering businesses. The Director will analyze proposed rules, make recommendations, and draft impact statements for agencies, while the Board will review the Director's actions and can approve, reject, or amend them within ten days, with automatic approval if no decision is made. Both the Director and Board members will receive training on their roles and relevant laws, and the Director is required to submit an annual report to the Legislature detailing rule reviews, impacts on small businesses, and any recommendations for changes. The Department of Business, Economic Development, and Tourism will provide necessary financial and administrative support to the Office and the Board, and the bill also clarifies the process for agencies to declare whether proposed rules affect small businesses and to submit impact statements.