Bill > S387

This bill aims to significantly 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 is zero or less starting in fiscal year 2026. The bill defines key terms such as "small business concern" (using the existing Small Business Act definition) and "small business regulatory budget" as the total cost to a small business resulting from new, modified, or repealed rules issued by the SBA. Additionally, the bill mandates that the SBA Administrator submit an annual report to Congress 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 will be appropriated to implement these requirements, which suggests the SBA must achieve this zero-cost regulatory environment using existing resources. This legislation represents a significant effort to reduce regulatory complexity and financial strain on small businesses by creating a strict framework that limits the potential economic impact of new or existing regulations.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/387/all-info