The LABOR Act of 2024 is a brief bill that amends federal law to require the Department of Labor to conduct regulatory flexibility analysis when issuing new rules and regulations. This type of analysis examines how proposed regulations would affect small businesses and other entities, ensuring that agencies consider less burdensome alternatives before implementing rules. The bill affects the Department of Labor and the small businesses subject to its regulations. The legislation does not specify any new funding or implementation timeline. By expanding these analysis requirements to the Labor Department, the bill aims to make the federal rulemaking process more transparent and to ensure business concerns are formally considered before labor regulations take effect.
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