HR 2965
Passed a chamber
Requires the Small Business Administration to keep its small business regulatory budget at zero or less each fiscal year, and requires an annual report to Congress on rules from other agencies that affect small businesses.
Official title: Small Business Regulatory Reduction Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
17-APR-2025
Referred
17-APR-2025
Approved by committee
30-APR-2025
Reported
21-MAY-2025
On the calendar
21-MAY-2025
Passed
03-DEC-2025
Senate
Received
04-DEC-2025
- Requires the SBA Administrator to ensure the small business regulatory budget for the agency is not greater than zero in fiscal year 2026 and each year after.
- Defines the regulatory budget as the cost to small businesses of agency rulemaking, including new rules and changes or repeals of existing rules.
- Requires the Chief Counsel for Advocacy to report annually to Congress on rules other agencies issued that affect small businesses, with budgets broken out by agency.
- Authorizes no additional funds to carry out the Act.
Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (21-MAY-2025); the text has changed since (Engrossed in House, 03-DEC-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Small Business Committee (House)
- Small Business and Entrepreneurship Committee (Senate)
Commerce
■ 5 R
5 Republicans