Bill Details
S.387 - 119th Congress
Status
Latest action
2025-02-04 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced Date
2025-02-04
Policy Area
Commerce
Committees
View committees (1)
Sponsors
8
0
0
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would require the Small Business Administration to make sure that, starting in fiscal year 2026, the regulatory cost it creates for each small business is zero. In simple terms, the agency would have to avoid adding new rule costs for small businesses, and it would also have to account for the cost of changing or removing existing rules. The bill also asks the agency to send Congress a yearly report about federal rules from other agencies that affect small businesses. No extra money would be provided to carry out the bill.
- Starting in fiscal year 2026, the Small Business Administration would have to keep the “small business regulatory budget” for each small business at zero.
- This budget includes the cost of new rules, as well as the cost of changing or repealing existing rules.
- The agency would have to report to Congress on rules from other federal agencies that affect small businesses.
- The first report would be due within 60 days after the end of fiscal year 2025, and similar reports would be due every year after that.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 387 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 387
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.
_______________________________________________________________________
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.
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