S. 535: Regulation Costs to Small Business Act

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

Status & Summary | PDF | Source: GPO and Cato Institute Deepbills

II

113th CONGRESS

1st Session

S. 535

IN THE SENATE OF THE UNITED STATES

March 12, 2013

(for himself,Mr. Risch,Mr. Enzi,Mr. Johnson of Wisconsin,Mrs. Fischer,Mr. Vitter,Mr. Paul, andMr. Scott) introduced the following bill; which was read twice and referred to theCommittee 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.

1.

Short title

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

2.

Small Business Administration study on the cost of Federal regulations

(a)

In general

TheAdministratorshall conduct an annual study of the total costs to small business concerns of Federal regulations.

(b)

Requirement

In conducting the study required undersubsection (a), theAdministratorshall use a methodology that is substantially similar to the methodology used in conducting the study described in the report entitledThe 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, theAdministratorshall submit toCongressa report on the findings of the study conducted undersubsection (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 551of title 5, United States Code.

(d)

Funding

(1)

In general

TheAdministrationshall carry out this section using unobligated funds otherwise made available to theAdministration.

(2)

Sense of Congress regarding funding

It is the Sense ofCongressthat no additional funds should be made available to theAdministrationto carry out this Act.

3.

Definitions

In this Act—

(1)

the termsAdministrationandAdministratormean theSmall Business Administrationand the Administrator thereof, respectively; and

(2)

the termsmall business concernhas the same meaning as in section 3 of the Small Business Act( 15 U.S.C. 632 ).