H. R. 974, known as the “Small Business Regulatory Reduction Act,” requires the Administrator of the Small Business Administration to ensure that the regulatory budget for small businesses does not exceed zero from fiscal year 2026 onwards. This means the Administrator must...
Simple Explanation
H. R. 974 wants to make sure that small businesses don't have to pay extra money because of new rules, like how kids don't want to do extra chores without help. The person in charge will check every year to make sure no extra money is needed from the small businesses, but they have to do this with the money they already have, like using crayons they already own for drawing.