Bill > HR2965

This bill aims to reduce regulatory burdens on small businesses by requiring the Administrator of the Small Business Administration (SBA) to maintain a "small business regulatory budget" of zero in fiscal year 2026 and subsequent years. The bill defines key terms such as "small business" (using the existing Small Business Act definition) and "small business regulatory budget" as the total cost to a small business resulting from federal agency rulemaking, including costs from new, modified, or repealed rules. To ensure transparency, the bill mandates that the Chief Counsel for the SBA's Office of Advocacy submit an annual report to Congress detailing rules issued by federal agencies that impact small businesses, including the total regulatory budget for each agency and a breakdown of specific rules issued. The bill emphasizes that no additional funds will be authorized to implement these requirements, suggesting that the reporting and budget management will be conducted within existing agency resources. By focusing on limiting regulatory costs, the bill seeks to provide relief to small businesses by preventing increases in compliance expenses.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2965/all-info