Article I Regulatory Budget Act

This bill establishes a "regulatory budget" system requiring federal agencies to estimate and report the costs of regulations on businesses, especially small businesses. It mandates the President to submit annual projections of regulatory costs for proposed rules, and creates a process for Congress to set limits on how much regulatory costs can grow. The Congressional Budget Office would analyze regulatory cost impacts of proposed legislation, while agencies would need to conduct cost-benefit analyses for significant regulations. The bill aims to increase transparency around regulatory costs and provide Congress with tools to monitor and control regulatory burdens on businesses.