Sec. 701. Small Business Administration study on the cost of Federal regulations
270 words·~1 min read·
/bill/113/hr/4304/ih/section-701A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Beginning on the date that is 1 year after the date of enactment of this title, and annually thereafter, the Administrator shall conduct an annual study of the total costs to small business concerns of Federal regulations and the amount that such total costs have increased over the prior year. In conducting each study required under subsection (a), the Administrator shall use the best available estimates of the costs and the benefits, disaggregated by the agency issuing the regulation, of each major rule (as defined in section 804 of title 5, United States Code) made after the date of the study in the prior year resulting in a net cost to small business concerns during the period to which the report pertains, and of the cumulative costs of such rules.
Such estimates may include estimates produced under the terms of Executive Order 12866. Not later than 90 days after completing a study required by this section, the Administrator shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the findings of that study. The Administration shall carry out this section using unobligated funds otherwise made available to the Administration.
It is the sense of Congress that no additional funds should be made available to the Administration to carry out this title. In this section— the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively; and the term small business concern has the same meaning as in section 3 of the Small Business Act ( 15 U.S.C. 632 ).
Connectionstraces to 2
Traces to 2 documents
register
U.S. Code
Citation graph
cites case law
Sec. 701
Small Business Administration study on the cost of Federal regulations
Cites 2Cited by 0 across 0 sources