Small Business Regulatory Reduction Act

Bill: 118-s-4401
Sponsor: full_name: Sen. Marshall, Roger [R-KS]
Introduced: 2024-05-23
Policy area: Commerce
Latest action: action_date: 2024-05-23
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 4401 IN THE SENATE OF THE UNITED STATES May 23, 2024 Mr. Marshall (for himself, Mrs. Britt , Mr. Budd , Mr. Braun , and Mr. Scott of Florida ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To require the Administrator of the Small Business Administration to ensure that the small business regulatory budget for 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 . 2. Small Business Administration rulemaking costs to small business concerns (a) In general The Administrator of the Small Business Administration shall ensure that the small business regulatory budget for a fiscal year is not greater than zero. (b) Report Not later than 60 days after the last day of a fiscal year, the Administrator of the Small Business Administration shall submit to Congress a report on any regulations issued by other Federal agencies that have an impact on small business concerns. Such report shall include rules issued during the fiscal year preceding and the fiscal year following the date of the report and such rules shall be disaggregated by the issuing Federal agency. (c) Small business regulatory budget defined In this section, the term small business regulatory budget means the cost to small business concerns (as defined under section 3 of the Small Business Act ( 15 U.S.C. 632 )) of rulemaking (including the cost of a new rule and any modification to or repeal of a rule) by the Administrator of the Small Business Administration.