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Read. Follow. Verify.Small Business Regulatory Reduction Act (S. 4401)
Last action · May 23, 2024: Read twice and referred to the Committee on Small Business and Entrepreneurship.Sponsor: Roger Marshall
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What This Bill Would Do
This bill requires the Small Business Administration (SBA) to ensure that the total cost of new regulations on small businesses does not exceed zero for any fiscal year. It also mandates an annual report to Congress detailing the regulatory impact of federal agencies on small businesses.
The bill would limit the SBA's ability to implement new regulations that impose net costs on small businesses, potentially requiring the repeal or modification of existing rules to offset the cost of new ones.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Small business owners
The bill changes the regulatory environment by capping the net costs of new SBA rules.
Small Business Administration
The agency is required to manage a regulatory budget and submit annual reports to Congress.
Key Facts
- The Administrator of the Small Business Administration must ensure the small business regulatory budget for any fiscal year is not greater than zero.
- The regulatory budget is defined as the cost to small businesses of rulemaking, including new rules, modifications, or repeals.
- The SBA Administrator must submit an annual report to Congress regarding the impact of federal agency regulations on small businesses.
- The annual report is due no later than 60 days after the end of each fiscal year.
Show all 6 facts
- The report must include rules issued during the fiscal year preceding and the fiscal year following the date of the report.
- Reported rules must be disaggregated by the specific federal agency that issued them.
Frequently Asked Questions
What does a 'regulatory budget not greater than zero' mean?
Does this bill affect regulations from agencies other than the SBA?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
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Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Zero-Cost Regulatory Mandate
The bill attempts to institutionalize a 'pay-as-you-go' model for federal small business regulations, requiring cost offsets for new rules.
Connected Entities
Sources
www.congress.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy50Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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