Small Business Regulatory Reduction Act of 2025
Officially: “Small Business Regulatory Reduction Act of 2025” Read the full text
What it does
Read it in plain language
1Short title
This section would let the Act be officially called the "Small Business Regulatory Reduction Act of 2025."
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1. Short title This Act may be cited as the Small Business Regulatory Reduction Act of 2025 .
2Small Business Administration rulemaking costs to small business concerns
This section would define several terms for the rest of the section: "Administrator" means the Administrator of the Small Business Administration; "rule" and "rulemaking" carry the meanings already given to those terms in section 551 of title 5 of the United States Code; "small business" means a "small business concern" as defined in section 3 of the Small Business Act, unless a federal agency, after consulting the Small Business Administration's Office of Advocacy and giving the public a chance to comment, adopts and publishes in the Federal Register its own definition suited to that agency's activities, in which case that agency's own definition would apply instead; and "small business regulatory budget" means the cost to a small business of a rulemaking by a federal agency, including costs from issuing a new rule and costs from modifying or repealing an existing rule. Starting in fiscal year 2026 and every fiscal year after that, the Administrator would have to ensure that the Small Business Administration's own small business regulatory budget for that fiscal year is not greater than zero, meaning the net cost to small businesses of the Administration's rulemaking activity for the year could not be positive. Not later than 60 days after the end of fiscal year 2025, and every year after that, the Chief Counsel for the Office of Advocacy of the Small Business Administration would have to submit to Congress a report on rules issued by federal agencies other than the Small Business Administration during the preceding fiscal year that affect small businesses. That report would have to include every such rule issued during the preceding fiscal year and would have to break the rules down by which federal agency issued each one.
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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; rulemaking The terms rule and rulemaking have the meanings given those terms in section 551 of title 5, United States Code. (3) Small business The term small business has the same meaning as the term small business concern under section 3 of the Small Business Act ( 15 U.S.C. 632 ), unless an agency, after consultation with the Office of Advocacy of the Small Business Administration and after opportunity for public comment, establishes one or more definitions of such term which are appropriate to the activities of the agency and publishes such definition(s) in the Federal Register. (4) Small business regulatory budget The term small business regulatory budget means the cost to a small business of a rulemaking conducted by a Federal agency, 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 each fiscal year thereafter, the Administrator shall ensure that the small business regulatory budget for the Small Business Administration for the applicable fiscal year is not greater than zero. (c) Advocacy Report Not later than 60 days after the end of fiscal year 2025, and annually thereafter, the Chief Counsel for the Office of Advocacy of the Small Business Administration shall submit to Congress a report regarding rules issued by Federal agencies other than the Administration during the preceding fiscal year that have an impact on small businesses, 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.
3No additional funds
This section states that no additional funds are authorized to be appropriated to carry out this Act.
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3. No additional funds No additional funds are authorized to be appropriated to carry out this Act.
Where it is
In the House.