Requires SBA rules to add no net new costs for small businesses each year

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

Starting in the 2026 fiscal year, this bill would require the Small Business Administration to make sure that its rules impose no net added cost on small businesses each year, counting both the cost of new rules and the cost of changing or repealing existing ones.^2,3,4 It would also require the agency's Office of Advocacy to report to Congress every year on rules issued by other federal agencies that affect small businesses, including each agency's total cost to small businesses for the year.³

§2Status

§3How Congress voted

Why this matters: The official count.