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Small Business Regulatory Reduction Act
To require the Administrator of the Small Business Administration to ensure that the small business regulatory budget for a small business concern in a fiscal year is not greater than 0, and for other purposes.
Summary
- Requires the Small Business Administration Administrator to ensure that the total regulatory cost to small businesses from SBA rulemaking is zero or negative starting in fiscal year 2026 and each fiscal year thereafter.
- Defines "small business regulatory budget" as the cost to small businesses from SBA rules, including new rules, modifications to existing rules, and rule repeals.
- Requires the SBA Administrator to submit annual reports to Congress on rules issued by other federal agencies that impact small businesses, beginning 60 days after the end of fiscal year 2025.
- Requires the reports to be disaggregated by the federal agency that issued each rule affecting small businesses.
- Does not authorize any additional appropriations to carry out the act.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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![Sen. Marshall, Roger [R-KS]](https://media.civicgate.org/people/d/politicians/M001198.thumb.jpg)
Sen. Marshall, Roger (R-KS)
Actions (2)
- Feb 4, 2025 Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
- Feb 4, 2025 Introduced in Senate
Similar bills (6)
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Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE SENATE OF THE UNITED STATES
February 4, 2025
Mr. Marshall introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
A BILL
To require the Administrator of the Small Business Administration to ensure that the small business regulatory budget for a small business concern in a fiscal year is not greater than 0, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Small Business Regulatory Reduction Act”.
SEC. 2. SMALL BUSINESS ADMINISTRATION RULEMAKING COSTS TO SMALL BUSINESS CONCERNS.
(a) Definitions.—In this section:
(1) Administrator.—The term “Administrator” means the Administrator of the Small Business Administration.
(2) Rule; rule making.—The terms “rule” and “rule making” have the meanings given those terms in section 551 of title 5, United States Code.
(3) Small business concern.—The term “small business concern” has the meaning given the term in section 3 of the Small Business Act (15 U.S.C. 632).
(4) Small business regulatory budget.—The term “small business regulatory budget” means the cost to a small business concern of a rule making conducted by the Small Business Administration, including the cost resulting from the issuance of any new rule and the cost resulting from the modification or repeal of an existing rule.
(b) Requirement.—In fiscal year 2026, and in each fiscal year thereafter, the Administrator shall ensure that the small business regulatory budget for each small business concern for the applicable fiscal year is not greater than 0.
(c) Report.—Not later than 60 days after the end of fiscal year 2025, and annually thereafter, the Administrator shall submit to Congress a report regarding rules issued by other Federal agencies during the preceding fiscal year that have an impact on small business concerns, which shall—
(1) include each such rule issued during the preceding fiscal year; and
(2) be disaggregated by the Federal agency that issued each such rule.
SEC. 3. NO ADDITIONAL FUNDS.
No additional funds are authorized to be appropriated to carry out this Act. <all>
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