Regulatory Flexibility Act

Regulatory Flexibility Act - Requires any Federal agency, in promulgating any regulation pursuant to the Administrative Procedure Act, to publish its findings regarding whether such regulation should set lesser standards for compliance for individuals and small businesses and small organizations or whether such small entities or individuals should be exempt from such regulation. Requires such promulgating agency to obtain the comments of the Small Business Administration with respect to the impact of such regulation on such individuals and small entities.

Requires that such exemptions or lesser standards be incorporated in the proposed regulation where appropriate.

States that no person shall have standing in any court to challenge compliance with this Act save individuals, small organizations and small businesses.