HR 2965 United States House · 119th Congress

Small Business Regulatory Reduction Act of 2025

HR 2965, the Small Business Regulatory Reduction Act of 2025, requires the Small Business Administration (SBA) to ensure that the cost to small businesses from federal agency rulemaking (including new rules, modifications, or repeals) does not exceed zero starting in fiscal year 2026. It mandates the SBA’s Office of Advocacy to annually report to Congress on all federal rules affecting small businesses, broken down by the issuing agency. The bill applies to all federal agencies, not just the SBA, and focuses on controlling regulatory costs for small businesses. No new funding is provided to implement these requirements.

Bill status passed 3 of 5 stages cleared

Introduction

Apr 2025

Committee Review

Dec 2025

House Passage

Dec 2025

Senate Passage

President

Introduced Apr 17, 2025 Last action Dec 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 2 edits · Dec 3, 2025

MINOR

The engrossed version adds a new reporting requirement that the annual Advocacy Report must include the total small business regulatory budgets for each Federal agency, in addition to listing individual rules. This shifts the report from simply cataloging rules to also quantifying their aggregate cost impact on small businesses per agency. A minor grammatical fix was also made to the small business definition.

REQUIREMENT

The annual Advocacy Report must now include the total small business regulatory budgets for the preceding fiscal year for each Federal agency, giving Congress a quantitative measure of how much rules cost small businesses in aggregate per agency.

TECHNICAL

In the small business definition, 'publishes such definition(s)' was changed to 'publishes any such definitions' - a minor grammatical correction with no substantive policy effect.

Floor votes · House Dec 3, 2025

How they voted

223–190

Passed · 19 other

Total votes 432

Dec 3, 2025

D Democratic213

15 Yea 190 Nay 8

89% Nay

I Independent1

1 Yea

100% Yea

R Republican218

207 Yea 11

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Dec 4, 2025

Committee

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

upper

Dec 3, 2025

Lower · Passed

On passage Passed by the Yeas and Nays: 223 - 190 (Roll no. 310). (text of amendment in the nature of a substitute: CR 12/02/2025 H4987)

lower

Dec 3, 2025

Lower · Passed

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 223 - 190 (Roll no. 310). (text of amendment in the nature of a substitute: CR 12/02/2025 H4987)

lower

Dec 1, 2025

Lower · Passed

Rules Committee Resolution H. Res. 916 Reported to House. Rule provides for consideration of H.R. 4312, H.R. 1005, H.R. 1049, H.R. 1069, H.R. 2965 and H.R. 4305. The resolution provides for consideration of H.R. 4312, H.R. 1005, H.R. 1049, H.R. 1069, H.R. 2965, and H.R. 4305 under a closed rule with one hour of general debate and one motion to recommit on each bill.

lower

May 21, 2025

Lower · Passed

Reported (Amended) by the Committee on Small Business. H. Rept. 119-111.

lower

Apr 30, 2025

Introduced

Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.

lower

Apr 30, 2025

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Apr 17, 2025

Committee

Referred to the House Committee on Small Business.

lower

Apr 17, 2025

Introduced

Introduced in House

lower

1 primary · 5 co-sponsors