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SB 1343

RELATING TO THE SMALL BUSINESS REGULATORY REVIEW BOARD.

2025 Regular Session Introduced by Ron Kouchi

SB 1343 allows the Small Business Regulatory Review Board to operate with fewer members, speeding up decision-making and reducing regulatory burdens for small businesses.

Act 075, 05/19/2025 (Gov. Msg. No. 1175).
#quorumrequirements #sbrrb #smallbusiness
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Bill Summary · SB 1343

Summary of SB 1343: Relating to the Small Business Regulatory Review Board

Bill Number: SB 1343
Status: Act 075, effective May 19, 2025
Introduced: January 21, 2025
Primary Sponsor: Senator Kouchi
Related Bill: HB 1024 (companion)

Purpose and Intent

SB 1343 aims to amend the quorum requirements for the Small Business Regulatory Review Board (SBRRB) to enhance its operational efficiency and effectiveness. The bill seeks to ensure that the SBRRB can function with a reduced number of members present, thereby facilitating timely decision-making and responsiveness to small business needs.

Key Provisions

  • Quorum Requirements: The bill modifies the existing quorum requirements for the SBRRB, allowing it to conduct business with fewer members present than previously mandated. This change is intended to streamline operations and reduce delays in regulatory reviews that affect small businesses.

  • Operational Flexibility: By adjusting the quorum, the SBRRB can more readily convene and address issues pertinent to small businesses, which may be particularly beneficial during times of economic uncertainty or when urgent regulatory matters arise.

Affected Parties

  • Small Businesses: The primary beneficiaries of this bill are small businesses that rely on the SBRRB for regulatory guidance and support. By enabling quicker decision-making, small businesses may experience reduced regulatory burdens and improved access to necessary resources.

  • SBRRB Members: The members of the SBRRB will have increased flexibility in meeting and conducting business, which may enhance their ability to serve the small business community effectively.

Procedural Timeline

  • January 21, 2025: Bill introduced and passed First Reading.
  • February 6, 2025: The bill was reviewed by the Economic Development and Technology (EDT) committee and recommended for passage with amendments.
  • April 30, 2025: The bill passed Final Reading in the Senate and House with no opposition.
  • May 2, 2025: The bill was enrolled and sent to the Governor.
  • May 19, 2025: The bill was signed into law as Act 075.

Conclusion

SB 1343 represents a significant step towards improving the operational capacity of the Small Business Regulatory Review Board. By modifying quorum requirements, the legislation aims to enhance the responsiveness of the SBRRB to the needs of small businesses, ultimately fostering a more supportive regulatory environment.

Compiled from official sources — confirm details with the bill’s official record.

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