A bill to require the Administrator of the Small Business Administration to ensure that the small business regulatory budget for a small business concern in a fiscal year is not great than 0, and for other purposes.

Bill 119 s 387, also known as the Small Business Regulatory Budget Act, aims to limit the regulatory burden on small businesses by requiring the Administrator of the Small Business Administration to ensure that the regulatory budget for a small business concern does not exceed zero in a fiscal year. This means that small businesses would not be subject to any additional regulatory costs beyond what they are already facing.

The bill seeks to alleviate the financial strain that regulations can place on small businesses, which often have limited resources to comply with complex and costly regulatory requirements. By capping the regulatory budget at zero, small businesses would be able to focus their resources on growing their businesses and creating jobs, rather than on navigating and complying with regulations.

In addition to limiting the regulatory burden on small businesses, the bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. Overall, the Small Business Regulatory Budget Act aims to support small businesses by reducing regulatory costs and promoting economic growth in the small business sector.