A bill to require the Administrator of the Small Business Administration to ensure that the small business regulatory budget for a fiscal year is not greater than zero, and for other purposes.

Bill 118 s 4401, also known as the Small Business Regulatory Budget Act, aims to hold the Small Business Administration (SBA) accountable for keeping the small business regulatory budget at zero for each fiscal year. This means that the SBA must ensure that the costs associated with implementing regulations that affect small businesses do not exceed the benefits they provide.

The bill also includes provisions for the SBA to report to Congress on the regulatory costs and benefits for small businesses, as well as any actions taken to comply with the zero budget requirement. Additionally, the bill requires the SBA to consult with small business stakeholders when developing regulations that may impact them.

Overall, the goal of Bill 118 s 4401 is to promote transparency and accountability in the regulatory process for small businesses, ensuring that regulations are not overly burdensome and do not hinder their ability to thrive and grow.