Small Business Regulatory Reduction Act

What it does

This bill requires the Small Business Administration to ensure that for each fiscal year the cost to small businesses of the administration's rulemaking (including the modification or repeal of a rule) is not greater than zero.

The administration also must report on any regulations issued by other federal agencies that have an impact on small businesses.

Summary by the Congressional Research Service, Sep 1, 2023 (Reported to House). CRS summarizes bills impartially; it does not take positions.