Small Business Regulation Cost Control
Official: Small Business Regulatory Reduction Act of 2025
This bill aims to reduce the financial burden of regulations on small businesses by ensuring they do not incur any regulatory costs each year. It also increases transparency by requiring reports on how federal rules impact these businesses.
Small Business Regulatory Reduction Act of 2025This bill requires the Small Business Administration (SBA) to ensure the annual small business regulatory budget for the SBA in each fiscal year is no greater than zero. The small business regulatory budget is the cost to a small business of a federal rulemaking, including the cost resulting from the issuance of any new rule and the cost resulting from the modification or repeal of an existing rule.
1. This bill requires the Small Business Administration to limit regulatory costs for small businesses to zero each year. 2. It mandates the Administrator of the Small Business Administration to oversee these regulatory budgets. 3. The bill also requires an annual report on rules affecting small businesses from other federal agencies. 4. The report will detail the regulatory costs imposed by these agencies on small businesses.
Small business owners and their employees across the United States.