Bill · H.R. 974· House(119-HR-974)
Small Business Regulatory Reduction Act
- Introduced
- 2/4/2025
- Last activity
- 2/4/2025 — Referred to the House Committee on Small Business.
- Sponsored by
- Beth Van Duyne
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the ``Small Business Regulatory Reduction Act'', targets the Small Business Administration. It requires the Administrator to ensure that the small business regulatory budget for a small business concern is not greater than 0 for fiscal year 2026 and every year after. The regulatory budget includes costs from new rules or the modification and repeal of existing ones. Additionally, the Administrator must submit an annual report to Congress regarding rules issued by other Federal agencies that impact small business concerns. This report must include each such rule and be broken down by the agency that issued it. No additional funds are authorized to carry out this Act.
Yes· 3 of 4
Would business owners be better off under this?+8
The bill provides direct relief to business owners by mandating that regulatory costs associated with new or modified rules stay at or below zero.
Does this make it easier to run a small business?+7
The bill requires the SBA Administrator to ensure that the regulatory budget for small business concerns does not exceed zero, effectively capping new regulatory costs.
Does this make what the government does easier for the public to see?+5
The bill mandates an annual report to Congress detailing rules from other federal agencies that impact small businesses.
The opposite
Does this reduce what the federal government spends?-2
The bill limits the budget for new or modified regulations, which may reduce government administrative capacity without providing new funding.
Who it would affect, and how
Potential Positive Impacts for People
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Reduction in Regulatory Costs: The bill requires the Administrator to ensure the small business regulatory budget for a small business concern is not greater than 0 in fiscal year 2026 and beyond (Section 2(b)). This could mean small businesses do not face costs resulting from the issuance of new rules or the modification or repeal of existing rules (Section 2(a)(4)).
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Increased Oversight of Federal Agency Rules: The Administrator must submit a report to Congress every year regarding rules issued by other Federal agencies that impact small business concerns (Section 2(c)). This report must include each rule from the preceding fiscal year and be disaggregated by the agency that issued it (Section 2(c)(1) and (2)).
Potential Negative Impacts for People
- No information provided: The provided text does not contain details regarding potential negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+8Good For Rural Residents+3
- Economy And Finance
- Improves Small Business Support+7Reduces Government Spending-2
- Governance And Ideology
- Improves Government Transparency+5
- 2/6/2025
- 1 Cosponsor added.
- 2/4/2025
- Referred to the House Committee on Small Business.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Aaron BeanRepublican · Florida
Brad FinstadRepublican · Minnesota
Daniel MeuserRepublican · Pennsylvania
Derek SchmidtRepublican · Kansas