Small Business Regulatory Flexibility Improvements Act

This bill amends the Regulatory Flexibility Act to strengthen protections for small businesses affected by federal regulations. It requires agencies to conduct more detailed analyses of how proposed rules impact small entities, including assessing both direct and indirect economic effects like compliance costs and revenue impacts. The bill expands the definition of "small entity" to include more nonprofits and tribal organizations, and mandates agencies to consider alternatives that minimize negative impacts or maximize benefits for these businesses. It also enhances the role of the Small Business Administration's Chief Counsel for Advocacy, granting them greater authority to review regulations and represent small business interests during rulemaking.