Both chambers of the General Assembly voted overwhelmingly to override the veto of a bill that seeks to analyze the fiscal impact of new regulations on business.
The bill requires the legislature’s Office of Fiscal Analysis to include an estimate of the number of businesses that would be affected by proposed legislation and an estimated fiscal impact on those businesses. The legislation also requires regulatory flexibility analyses of proposed regulations, to redefine small business to include any business with 250 or fewer employees, and to require additional information in such analyses.
Malloy vetoed the legislation, which originally passed without opposition in the Senate and House, because the language in the bill was overly broad. He cited the requirement that agencies identify small businesses “potentially affected” without defining what that meant.
The veto override passed 35-0 in the Senate and 106-5 in the House with 101 votes required for passage. There were 40 House members absent and not voting during the veto session.
