H.R. 974 requires the Small Business Administration (SBA) to ensure that starting in fiscal year 2026, the total cost of new SBA regulations imposed on small businesses cannot exceed zero dollars in any given year. This means the SBA must offset the costs of any new rules it creates by repealing or modifying existing rules that cost small businesses money, so that the net regulatory burden remains at zero. The bill affects small business concerns as defined under the Small Business Act and applies to all rules issued by the SBA going forward. Additionally, the SBA must submit an annual report to Congress documenting regulations issued by other federal agencies that impact small businesses, broken down by agency. The legislation requires no additional federal funding to implement.
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