This legislation aims to eliminate regulatory costs imposed on small businesses by the Small Business Administration's (SBA) own rulemaking. Starting in fiscal year 2026, it mandates that the SBA Administrator ensure the "small business regulatory budget" for each small business concern is not greater than zero. The "small business regulatory budget" is defined as the cost to a small business resulting from any new rule, modification, or repeal of an existing rule conducted by the SBA. This effectively requires the SBA to achieve a net zero or reduction in regulatory burdens from its actions on small businesses. Furthermore, the bill directs the Administrator to submit an annual report to Congress, detailing rules issued by other federal agencies that impact small businesses, disaggregated by the issuing agency, without authorizing additional funds for its implementation.