Small Business Regulatory Reduction Act

HR 974, the Small Business Regulatory Reduction Act, requires the Small Business Administration (SBA) to ensure that small businesses face zero costs from SBA rulemaking starting in fiscal year 2026. This means the SBA must eliminate all regulatory costs for small businesses related to its own rule changes, including new rules, modifications, or repeals. The bill also mandates the SBA to annually report to Congress on federal rules from other agencies that impact small businesses, broken down by agency. Crucially, the bill specifies no new funding will be provided to implement these requirements.