S. 535: Regulation Costs to Small Business Act

113th Congress, 2013–2015. Text as of Mar 12, 2013 (Introduced).

Status & Summary | PDF | Source: GPO

S 535 IS

113th CONGRESS

1st Session

S. 535

To require a study and report by the Small Business Administration regarding the costs to small business concerns of Federal regulations.

IN THE SENATE OF THE UNITED STATES

March 12, 2013

Mr. RUBIO (for himself, Mr. RISCH, Mr. ENZI, Mr. JOHNSON of Wisconsin, Mrs. FISCHER, Mr. VITTER, Mr. PAUL, and Mr. SCOTT) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To require a study and report by the Small Business Administration regarding the costs to small business concerns of Federal regulations.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Regulation Costs to Small Business Act’.

SEC. 2. SMALL BUSINESS ADMINISTRATION STUDY ON THE COST OF FEDERAL REGULATIONS.

    (a) In General- The Administrator shall conduct an annual study of the total costs to small business concerns of Federal regulations.

    (b) Requirement- In conducting the study required under subsection (a), the Administrator shall use a methodology that is substantially similar to the methodology used in conducting the study described in the report entitled ‘The Impact of Regulatory Costs on Small Firms’ (September 2010), prepared on behalf of the Office of Advocacy of the Administration.

    (c) Report- Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Administrator shall submit to Congress a report on the findings of the study conducted under subsection (a), which shall include an estimate of the total annual costs of Federal regulations to small business concerns, by agency, as such term is defined in section 551 of title 5, United States Code.

    (d) Funding-

      (1) IN GENERAL- The Administration shall carry out this section using unobligated funds otherwise made available to the Administration.

      (2) SENSE OF CONGRESS REGARDING FUNDING- It is the Sense of Congress that no additional funds should be made available to the Administration to carry out this Act.

SEC. 3. DEFINITIONS.

    In this Act--

      (1) the terms ‘Administration’ and ‘Administrator’ mean the Small Business Administration and the Administrator thereof, respectively; and

      (2) the term ‘small business concern’ has the same meaning as in section 3 of the Small Business Act (15 U.S.C. 632).