United States HR 2965: Small Business Regulatory Reduction Act of 2025

Bill Text

I
119TH CONGRESS
1ST SESSION H. R. 2965
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.
IN THE HOUSE OF REPRESENTATIVES
APRIL 17, 2025
Ms. VAN DUYNE (for herself and Ms. KING-HINDS) introduced the following
bill; which was referred to the Committee on Small Business
A BILL
To require the Administrator of the Small Business Adminis-
tration 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.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Small Business Regu-4
latory Reduction Act of 2025’’. 5
SEC. 2. SMALL BUSINESS ADMINISTRATION RULEMAKING 6
COSTS TO SMALL BUSINESS CONCERNS. 7
(a) DEFINITIONS.—In this section: 8
VerDate Sep 11 2014 21:17 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2965.IH H2965kjohnson on DSK7ZCZBW3PROD with $$_JOB

2
•HR 2965 IH
(1) ADMINISTRATOR.—The term ‘‘Adminis-1
trator’’ means the Administrator of the Small Busi-2
ness Administration. 3
(2) RULE; RULEMAKING.—The terms ‘‘rule’’ 4
and ‘‘rulemaking’’ have the meanings given those 5
terms in section 551 of title 5, United States Code. 6
(3) SMALL BUSINESS.—The term ‘‘small busi-7
ness’’ has the same meaning as the term ‘‘small 8
business concern’’ under section 3 of the Small 9
Business Act (15 U.S.C. 632), unless an agency, 10
after consultation with the Office of Advocacy of the 11
Small Business Administration and after oppor-12
tunity for public comment, establishes one or more 13
definitions of such term which are appropriate to the 14
activities of the agency and publishes such defini-15
tion(s) in the Federal Register. 16
(4) SMALL BUSINESS REGULATORY BUDGET.— 17
The term ‘‘small business regulatory budget’’ means 18
the cost to a small business of a rulemaking con-19
ducted by a Federal agency, including the cost re-20
sulting from the issuance of any new rule and the 21
cost resulting from the modification or repeal of an 22
existing rule. 23
(b) REQUIREMENT.—In fiscal year 2026 and each 24
fiscal year thereafter, the Administrator shall ensure that 25
VerDate Sep 11 2014 21:17 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2965.IH H2965kjohnson on DSK7ZCZBW3PROD with $$_JOB

3
•HR 2965 IH
the small business regulatory budget for the Small Busi-1
ness Administration for the applicable fiscal year is not 2
greater than zero. 3
(c) ADVOCACY REPORT.—Not later than 60 days 4
after the end of fiscal year 2025, and annually thereafter, 5
the Chief Counsel for the Office of Advocacy of the Small 6
Business Administration shall submit to Congress a report 7
regarding rules issued by Federal agencies other than the 8
Administration during the preceding fiscal year that have 9
an impact on small businesses, which shall— 10
(1) include each such rule issued during the 11
preceding fiscal year; and 12
(2) be disaggregated by the Federal agency that 13
issued each such rule. 14
SEC. 3. NO ADDITIONAL FUNDS. 15
No additional funds are authorized to be appro-16
priated to carry out this Act. 17
Æ
VerDate Sep 11 2014 21:17 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H2965.IH H2965kjohnson on DSK7ZCZBW3PROD with $$_JOB