Regulatory Transparency for Small Businesses Act

This bill requires federal agencies to provide specific details when certifying that a new regulation won't significantly impact small businesses. Agencies must now include the number of affected small businesses (with industry codes), an estimate of compliance costs (as a percentage of revenue or similar measure), and a determination of whether the costs constitute a significant economic impact. It directly affects small businesses subject to federal regulations and the agencies creating those rules. The key change is adding mandatory transparency requirements to agency certifications under existing law.