Passed House. Latest step, Dec 4, 2025: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. The House passed it 223–190.All 4 of Iowa's representatives voted yes in the House. It would change 0 sections of existing law and would add 2 new provisions of its own.
How this bill changes the law
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H.R. 2965 doesn't change any existing section of law. It would create 2 new provisions of its own. Read from the bill text as sent to the Senate (Dec 4, 2025).
adds
changes words
removes or repeals
renumbers
Dashed lines: proposed, not law.
H.R. 2965Bill
Sec. 2Small Business Administration rulemaking costs to small business concernsnew law
Sec. 3No additional fundsnew law
New provisions of the bill's own
Sec. 2 Small Business Administration rulemaking costs to small business concerns
Sec. 3 No additional funds
What the words would change: every change, in place (0)
Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.
From the bill's official text on GovInfo and the U.S. Code, latest edition, which may not yet show changes made since.
What it does
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Small Business Regulatory Reduction Act of 2025
This bill requires the Small Business Administration (SBA) to ensure the annual small business regulatory budget for the SBA in each fiscal year is no greater than zero.
The small business regulatory budget is the cost to a small business of a federal rulemaking, including the cost resulting from the issuance of any new rule and the cost resulting from the modification or repeal of an existing rule.
Official summary by the Congressional Research Service (Reported to House, May 21, 2025).
Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.
What has happened
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Dec 3, 2025Passed/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) Roll call recordLibrary of Congress
May 21, 2025Reported (Amended) by the Committee on Small Business. H. Rept. 119-111.Library of Congress
Apr 17, 2025Introduced in HouseLibrary of Congress