As ordered reported by the House Committee on Small Business on September 10, 2024
By Fiscal Year, Millions of Dollars
2025
2025-2029
2025-2034
Direct Spending (Outlays)
1
5
10
Revenues
*
*
-7
Increase or Decrease (-) in the Deficit
1
5
17
Spending Subject to Appropriation (Outlays)
6
40
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
< $2.5 billion
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
< $5 billion
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Under Threshold
* = between -$500,000 and zero.
The bill would
Allow small businesses, nonprofit organizations, and small local governments to request that the Small Business Administration (SBA) review a certification that a proposed rule would not have a significant economic effect on a substantial number of such small entities
Require the SBA to declare a rule no longer in effect if the issuing agency fails to review that rule periodically
Impose mandates on private-sector entities
Estimated budgetary effects would mainly stem from
Requiring some federal agencies to devote staff to meet new analysis and reporting requirements
Increasing costs for agencies that are funded through annual appropriations to carry out the bill’s provisions
Increasing direct spending and decreasing revenues for several fee-funded, independent agencies and the Federal Reserve System to carry out provisions of the bill
