Bill > HR2965

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" is zero or lower in fiscal year 2026 and beyond. The bill defines key terms such as "small business" (using the existing Small Business Act definition) and "small business regulatory budget" as the cost to a small business resulting from federal agency rulemakings, including issuing, modifying, or repealing rules. Additionally, the bill mandates that the SBA's Chief Counsel for the Office of Advocacy submit an annual report to Congress detailing the regulatory impact on small businesses, which must include the total small business regulatory budgets for each federal agency, a list of rules issued, and a breakdown by issuing agency. Notably, the bill specifies that no additional funds will be appropriated to implement these requirements, suggesting that the reporting and budget management will be conducted within existing agency resources. The overall goal is to provide greater transparency and potentially limit the regulatory costs that small businesses must bear.

Business and Industry

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