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Initial Regulatory Flexibility Analysis (IRFA)

A study that federal agencies must conduct to estimate the potential impact, particularly costs, of a proposed new regulation on small businesses and other small entities.

Small Entity

Refers to a small business, a small non-profit organization, or a small governmental jurisdiction, as defined by federal standards (e.g., based on number of employees or revenue).

Certification

A formal statement by a federal agency asserting that a proposed new rule will not have a significant economic impact on a substantial number of small entities.

Chief Counsel for Advocacy of the Small Business Administration

An official within the U.S. Small Business Administration whose job is to represent and protect the interests of small businesses in federal regulatory matters.

Prima Facie Review

An initial, quick assessment of a petition to determine if it appears to have enough merit or presents sufficient grounds to warrant a more detailed investigation or full review.

Proposed Rule

A draft regulation published by a federal agency for public input and comments before it can be finalized and become official law.