Small Business Regulatory Reduction Act

HR 3995, the Small Business Regulatory Reduction Act, requires the Small Business Administration (SBA) to ensure that regulatory costs imposed on small businesses by the SBA itself remain at or below zero each fiscal year. This means the SBA must offset any new or modified regulations with cost-saving measures for small businesses. The bill also mandates the SBA to submit annual reports to Congress detailing rules issued by other federal agencies that impact small businesses, including rules from the previous and following fiscal years. These provisions directly affect small business concerns by limiting their regulatory burden and increasing transparency about agency rules affecting them.