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119-s-387119th CongressWALLET

Small Business Regulatory Reduction Act

Sponsored By: Senator Marshall, Roger [R-KS]

Introduced

Summary

Caps SBA rulemaking costs per small business at zero. The bill would require the Small Business Administration to ensure the small business regulatory budget for each small business concern is not greater than 0 beginning in fiscal year 2026 and to submit annual, agency-disaggregated reports to Congress on other federal rules that affect small businesses.

Show full summary
  • Small businesses: Would block SBA rulemaking that increases the per-business regulatory cost, setting a $0 cap on those costs starting in FY2026. This covers new rules and changes to existing rules.
  • Small Business Administration: The Administrator would need to measure and certify those zero-cost budgets and produce an initial report 60 days after the end of FY2025 and annual reports after that.
  • Congress and oversight: Congress would receive an annual, agency-by-agency list of federal rules that had impacts on small business concerns.
  • Funding: The bill does not authorize any additional funds, so implementation is required without new appropriations.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Zero cap on SBA rule costs

If enacted, the bill would define terms like "Administrator", "rule", and "small business concern" when enacted. It would require the SBA to make sure the small business regulatory budget for each small business concern is not greater than zero starting in fiscal year 2026 and every year after. The rulemaking cost definition would include costs from new rules and from changing or repealing existing rules. The bill would also require the SBA to report to Congress, starting no later than 60 days after the end of fiscal year 2025 and annually after, listing rules from other agencies that affect small businesses and showing which agency issued each rule.

No new funds to implement bill

If enacted, the bill would say no additional funds are authorized to be appropriated to carry out this Act. This would limit agencies from getting new appropriations to implement the bill. The effect on households and businesses would be indirect and depend on how agencies choose to use existing budgets.

Sponsors & CoSponsors

Sponsor

Marshall, Roger [R-KS]

KS • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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