Small Business Regulatory Reduction Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 387 Introduced in Senate (IS)]

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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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