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 <title>Regulatory Flexibility Act: Clarification of Key Terms Still Needed</title>
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<abstract>The Regulatory Flexibility Act of 1980 (RFA) requires agencies to
prepare an initial and a final regulatory flexibility analysis.  
The Small Business Regulatory Enforcement Fairness Act of 1996	 
(SBREFA) was enacted to strengthen the RFA&apos;s protections for	 
small entities, and some of the act&apos;s requirements are built on  
&quot;significant impact.&quot; GAO reviewed the implementation of the RFA 
and SBREFA several times during recent years, with topics ranging
from specific provisions in each statute to the overall 	 
implementation of the RFA. Although both of these reform	 
initiatives have clearly affected how federal agencies regulate, 
GAO believes that their full promise has not been realized, with 
questions regarding the RFA that remain unanswered. These	 
questions lie at the heart of the RFA and SBREFA, and their	 
answers can have a substantive effect on the amount of regulatory
relief provided through those statutes. Because Congress did not 
answer these questions when the statutes were enacted, agencies  
have had to develop their own answers, and those answers differ.</abstract>
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<note>Testimony</note>
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