SMALL BUSINESS REGULATION House SponsorsRep. Carolyn H. Krause-Sidney H. Mathias-Elizabeth Coulson-Suzanne Bassi 1/11/2005HouseSession Sine Die New Act Creates the Small Business Regulatory Flexibility Act. Provides that the requirements of this Act are in addition to any requirements of the Illinois Administrative Procedure Act concerning rulemaking by agencies. Provides that if an agency proposes a rule that may affect small businesses, then the agency must consider certain methods for reducing the impact of the rule on small businesses. Provides that the Agency must provide an opportunity for small businesses to participate in the rulemaking process and sets forth methods for doing so. Requires the agency to notify the Director of Commerce and Economic Opportunity and the Small Business Ombudsman if it proposes to adopt, amend, or repeal a rule affecting small businesses. Provides that each agency must, during the 5-year period beginning with January 1, 2005, review the current rules of the agency that were in effect prior to that date and must consider methods of reducing their impact on small business. Effective January 1, 2005. 1/9/2004HouseFiled with the Clerk by Rep. Carolyn H. Krause 1/14/2004HouseFirst Reading 1/14/2004HouseReferred to Rules Committee 2/9/2004HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 2/10/2004HouseAdded Chief Co-Sponsor Rep. Elizabeth Coulson 2/13/2004HouseAdded Chief Co-Sponsor Rep. Suzanne Bassi 2/19/2004HouseAssigned to Commerce and Business Development Committee 3/4/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die