Provides that the regulatory fairness act does not apply to the adoption of a rule if an agency is able to demonstrate that the proposed rule does not affect small businesses.

Requires a proposing agency to consider mitigation options if a proposed rule affects only small businesses.

Requires the office of regulatory assistance to act as the central entity to collaborate with and provide support to state agencies in meeting the requirements of the regulatory fairness act.

Requires the state auditor to conduct a performance review of agency compliance with the regulatory fairness act.

Provides that this act is null and void if appropriations are not approved.