[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4401 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4401

 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.


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Regulatory Reduction 
Act''.

SEC. 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.
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