Bill > HR974

This bill aims to reduce regulatory burdens on small businesses by requiring the Administrator of the Small Business Administration (SBA) to ensure that the "small business regulatory budget" for each small business concern is zero or less in fiscal year 2026 and subsequent years. The bill defines key terms such as "small business concern" (using the existing definition from the Small Business Act) and "small business regulatory budget" as the total cost to a small business of a rulemaking, including costs from new, modified, or repealed rules. Additionally, the bill mandates that the SBA Administrator submit an annual report to Congress within 60 days after the end of each fiscal year, detailing rules issued by other federal agencies that impact small businesses, with the report disaggregated by the issuing agency. Importantly, the bill specifies that no additional funds are authorized to be appropriated for implementing these requirements. The legislation seeks to limit regulatory expenses and provide transparency about rules affecting small businesses, potentially helping to reduce administrative and compliance costs for small enterprises.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/974/all-info