Small Business Regulatory Reduction Act: Lowering Costs for Small Businesses
This act aims to reduce the financial burden of new regulations on small businesses. The Small Business Administration Administrator must ensure that new rules do not impose additional costs, potentially leading to more stable prices for consumers and job security.
Key points
The Small Business Administration will strive for zero regulatory costs for small businesses.
The Administrator will report to Congress on the impact of other federal agencies' regulations on small businesses.
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