119th Congress (2025-2026)

HR 2965

Small Business Regulatory Reduction Act of 2025

In Second Chamber

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Official source

Chamber

House

Session

119th Congress (2025-2026)

Jurisdiction

US Congress

Bill overview

This bill directs the Small Business Administration (SBA) to ensure that the cost to small businesses from federal rulemakings – including new rules and changes to existing ones – does not exceed zero. The SBA must report annually to Congress on federal rules impacting small businesses, broken down by agency. The bill also prohibits any additional funding from being used to implement this requirement.

Key provisions

The SBA’s annual small business regulatory budget must not exceed zero.
The bill defines ‘small business’ for the purpose of this legislation.
The SBA must report annually to Congress on federal rules impacting small businesses.
The report must be disaggregated by the agency issuing the rule.
The bill prohibits additional funding for the implementation of this requirement.

Who is affected

Small businesses
The Small Business Administration (SBA)
Federal agencies

Notable changes

The bill establishes a zero-cost limit for the SBA’s regulatory budget.
It mandates a reporting requirement for federal agencies regarding the impact of their rules on small businesses.

Positions across the country

No public positions recorded for this legislation.

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Legislative history

2025-04-17House

Referred to the House Committee on Small Business.

2025-04-17

Introduced in House

2025-04-17

Introduced in House

2025-04-30House

Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.

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Floor votes and chamber actions

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Apr 17, 2025XMLView source

119th CONGRESS — 1st Session

H. R. 2965

IN THE HOUSE OF REPRESENTATIVES

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 zero, and for other purposes.

1.Short title

This Act may be cited as the

Small Business Regulatory Reduction Act of 2025

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 businessThe 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 ReportNot 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.

3.No additional funds

No additional funds are authorized to be appropriated to carry out this Act.

HR 2965