Summary

Requires the Small Business Administration to set and keep its "small business regulatory budget" at zero each fiscal year beginning in FY2026 and directs the SBA Office of Advocacy to send Congress an annual report listing agency rule costs and the rules that affect small businesses (first report due within 60 days after the end of FY2025). The act also declares that no additional funds are authorized to implement its requirements. The measure is procedural: it defines terms for the budget calculation, creates a recurring reporting requirement about regulatory costs affecting small businesses, and places a statutory constraint (zero) on the SBA's small business regulatory budget without providing extra appropriations or enforcement mechanisms.

Key Points

• Requires SBA to maintain a "small business regulatory budget" of zero beginning in FY2026 and each year after.
• Directs the Chief Counsel for the SBA Office of Advocacy to send Congress an annual report listing agency rule costs and rules that affect small businesses; first report due within 60 days after FY2025 ends.
• Defines key terms about small businesses and what counts toward the small business regulatory budget.
• Specifies that no additional funds are authorized to carry out the Act; it does not appropriate new money.
• Does not create enforcement mechanisms, penalties, or an explicit effective date beyond the fiscal year and reporting deadlines.
• Likely increases transparency about regulatory costs affecting small businesses via mandated reporting.
• Could influence federal rulemaking and SBA internal budgeting but leaves implementation details and legal interpretation open.
• Minimal direct fiscal impact stated, since no new appropriations are authorized.

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