Regulation Costs to Small Business Act

Bill: 113-s-535
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2013-03-12
Policy area: Commerce
Subjects: Administrative law and regulatory procedures

Economic performance and conditions

Government studies and investigations

Small business
Latest action: action_date: 2013-03-12
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2013-03-12
action_desc: Introduced in Senate
text: <p>Regulation Costs to Small Business Act - Directs the Administrator of the Small Business Administration (SBA) to: (1) conduct an annual study of the total costs to small businesses of federal regulations, and (2) report each study's results to Congress.</p> <p>Expresses the sense of Congress that no additional funds should be made available to the SBA to carry out this Act.</p>

tv_txt: II 113th CONGRESS 1st Session S. 535 IN THE SENATE OF THE UNITED STATES March 12, 2013 Mr. Rubio (for himself, Mr. Risch , Mr. Enzi , Mr. Johnson of Wisconsin , Mrs. Fischer , Mr. Vitter , Mr. Paul , and Mr. Scott ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To require a study and report by the Small Business Administration regarding the costs to small business concerns of Federal regulations.

1. Short title This Act may be cited as the Regulation Costs to Small Business Act . 2. Small Business Administration study on the cost of Federal regulations (a) In general The Administrator shall conduct an annual study of the total costs to small business concerns of Federal regulations. (b) Requirement In conducting the study required under subsection (a), the Administrator shall use a methodology that is substantially similar to the methodology used in conducting the study described in the report entitled The Impact of Regulatory Costs on Small Firms (September 2010), prepared on behalf of the Office of Advocacy of the Administration. (c) Report Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Administrator shall submit to Congress a report on the findings of the study conducted under subsection (a), which shall include an estimate of the total annual costs of Federal regulations to small business concerns, by agency, as such term is defined in section 551 of title 5, United States Code. (d) Funding (1) In general The Administration shall carry out this section using unobligated funds otherwise made available to the Administration. (2) Sense of Congress regarding funding It is the Sense of Congress that no additional funds should be made available to the Administration to carry out this Act. 3. Definitions In this Act— (1) the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively; and (2) the term small business concern has the same meaning as in section 3 of the Small Business Act ( 15 U.S.C. 632 ).