This Act requires the Administrator of the Small Business Administration (SBA) to ensure the "small business regulatory budget" for each small business concern in a fiscal year is not greater than 0 starting in fiscal year 2026. The bill defines "small business regulatory budget" as the cost to a small business of an SBA rulemaking, including costs from issuing new rules and from modifying or repealing existing rules. The bill also requires the SBA to send Congress a report no later than 60 days after the end of fiscal year 2025, and annually thereafter, listing rules issued by other federal agencies that have an impact on small business concerns. The report must include each such rule and be broken down by the agency that issued it. The Act states no additional funds are authorized to carry it out.
If you run a small business, the SBA would be directed to make sure its rulemaking does not produce a positive "small business regulatory budget" for your firm, according to the bill's definition. The SBA must also report to Congress each year on other agencies' rules that affect small businesses.
No additional funds are authorized to be appropriated to carry out the Act. No publicly available information on estimated costs, savings, or other fiscal effects is included in the text provided.
No publicly available information.
No publicly available information.