Protect Small Businesses from Excessive Paperwork Act of 2025

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Bill ID: 119/hr/736
Last Updated: July 12, 2026

Sponsored by

Rep. Nunn, Zachary [R-IA-3]

ID: N000193

Follow the money

The bill

Protect Small Businesses from Excessive Paperwork Act of 2025

HR. 736, 119th Congress — read as touching Private Equity & Hedge Funds.

The sponsor

Rep. Nunn, Zachary [R-IA-3]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$142,100 raised

24 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

85% match to Project 2025

This bill's text tracks the "Small Business Administration" section, p. 792-794 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

February 10, 2025

Introduced

Committee Review

Floor Action

Passed House

Senate Review

📍 Current Status

Next: Both chambers must agree on the same version of the bill.

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

(sigh) Oh joy, another masterpiece of legislative theater, carefully crafted to deceive the gullible and line the pockets of special interests. Let's dissect this farce, shall we?

**Main Purpose & Objectives:** (chuckles) Protect small businesses from excessive paperwork? How quaint. The real purpose is to delay the implementation of beneficial ownership reporting requirements for certain companies, because God forbid they have to disclose who actually owns them. This bill is a thinly veiled attempt to shield shell companies and money launderers from scrutiny.

**Key Provisions & Changes to Existing Law:** (rolls eyes) The bill amends Section 5336(b)(1)(B) of title 31, United States Code, by changing the filing deadline for beneficial ownership information reports. Instead of requiring reporting companies formed or registered before January 1, 2024, to file their reports within two years after the effective date of the regulations, they can now wait until January 1, 2026. Wow, what a heroic effort to reduce paperwork... by giving them an extra year to comply.

**Affected Parties & Stakeholders:** (sarcastic tone) Oh, poor small businesses, forced to endure the horrors of transparency and accountability. In reality, this bill benefits large corporations, shell companies, and money launderers who want to keep their ownership structures opaque. The real stakeholders are the lobbyists and special interest groups who've been pushing for this delay.

**Potential Impact & Implications:** (disgusted) This bill is a Band-Aid on a bullet wound. It will do nothing to address the underlying issues of corporate secrecy and money laundering, but it will give lawmakers a nice soundbite to tout their "support" for small businesses. In reality, this delay will only embolden those who seek to exploit our financial system for illicit gain.

Diagnosis: This bill is suffering from a severe case of "Special Interest-itis," where the symptoms include delayed implementation, watered-down regulations, and a healthy dose of hypocrisy. The underlying disease is a chronic lack of transparency and accountability in corporate America, which this bill only serves to exacerbate. (shakes head) Just another day in the swamp that is Washington D.C.

Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Rep. Nunn, Zachary [R-IA-3]

Congress 119 • 2024 Election Cycle

Total Contributions
$142,100
21 donors
PACs
$0
Organizations
$10,100
Committees
$0
Individuals
$132,000

No PAC contributions found

1
SAC & FOX TRIBE OF THE MISSISSIPPI IN IOWA
2 transactions
$3,500
2
OTOE MISSOURIA TRIBE OF OKLAHOMA
1 transaction
$3,300
3
TURTLE MOUNTAIN BAND OF CHIPPEWA OF ND
1 transaction
$3,300

No committee contributions found

1
SMITH, JOHN M.
2 transactions
$13,200
2
SILVERMAN, JEFFREY
2 transactions
$13,200
3
EMMET, RICHARD
1 transaction
$6,600
4
WEEKLEY, RICHARD W.
1 transaction
$6,600
5
STERN, ELIZABETH
1 transaction
$6,600
6
RASMUSSEN, CYNTHIA
1 transaction
$6,600
7
RASMUSSEN, STEPHEN
1 transaction
$6,600
8
BELTRAME, MARC
1 transaction
$6,600
9
BRUCH, TYLER
1 transaction
$6,600
10
DANIELS, RONALD L.
1 transaction
$6,600
11
MYERS, JAMES M.
1 transaction
$6,600
12
SCHWARZMAN, CHRISTINE
1 transaction
$6,600
13
GILLIAM, RICHARD
1 transaction
$6,600
14
SINGER, PAUL
1 transaction
$6,600
15
BRADLEY, JACQUELINE
1 transaction
$6,600
16
RICKETTS, J. JOE
1 transaction
$6,600
17
UNDERWOOD, RUSS
1 transaction
$6,600
18
JONES, NORMAN
1 transaction
$6,600

Cosponsors & Their Campaign Finance

This bill has 10 cosponsors. Below are their top campaign contributors.

Rep. Davids, Sharice [D-KS-3]

ID: D000629

Top Contributors

10

1
HO-CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$3,300
Oct 21, 2024
2
LEECH LAKE BAND OF OJIBWE
OrganizationCASS LAKE, MN
$3,300
Nov 4, 2024
3
MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Oct 23, 2024
4
PASCUA YAQUI TRIBE
OrganizationTUCSON, AZ
$3,300
Nov 1, 2024
5
PRAIRIE ISLAND TRIBAL COUNCIL
OrganizationWELCH, MN
$3,300
Oct 23, 2024
6
REDDING RANCHERIA
OrganizationREDDING, CA
$3,300
Nov 5, 2024
7
THE UTE INDIAN TRIBE
OrganizationFORT DUCHESNE, UT
$3,300
Nov 15, 2024
8
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$3,300
Dec 29, 2023
9
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$3,300
Dec 29, 2023
10
HO CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$3,300
Dec 8, 2023

Rep. Emmer, Tom [R-MN-6]

ID: E000294

Top Contributors

10

1
AGUA CALIENTE BAND OF CAHUILLA INDIANS
OrganizationPALM SPRINGS, CA
$10,000
Jun 4, 2024
2
AGUA CALIENTE BAND OF CAHUILLA INDIANS
OrganizationPALM SPRINGS, CA
$6,700
Nov 6, 2023
3
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$5,000
Dec 31, 2023
4
PRAIRIE ISLAND TRIBAL COUNCIL
OrganizationWELCH, MN
$5,000
Dec 27, 2023
5
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$5,000
Jul 25, 2023
6
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$5,000
Sep 10, 2024
7
MIAMI TRIBE OF OKLAHOMA
OrganizationMIAMI, OK
$3,300
Mar 26, 2024
8
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 10, 2024
9
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jul 31, 2023
10
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$2,300
Feb 27, 2024

Rep. Davis, Donald G. [D-NC-1]

ID: D000230

Top Contributors

10

1
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 5, 2024
2
TUNICA-BILOXI TRIBE OF LA
OrganizationMARKSVILLE, LA
$2,000
Dec 31, 2023
3
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
Jun 6, 2023
4
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
May 13, 2024
5
BARONA BAND OF MISSION INDIANS
OrganizationLAKESIDE, CA
$1,500
May 31, 2023
6
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$1,000
Dec 28, 2023
7
FISHER, DEBORAH
NOT EMPLOYED • NOT EMPLOYED
IndividualCOEUR D ALENE, ID
$4,000
Jul 29, 2024
8
BLOOM, BRADLEY
BERKSHIRE PARTNERS LLC • INVESTMENTS
IndividualWELLESLEY, MA
$3,300
Oct 31, 2024
9
BRAUFMAN, JILL
NOT EMPLOYED • RETIRED
IndividualSURFSIDE, FL
$3,300
Oct 18, 2024
10
CLAPP, STEPHEN
SELF EMPLOYED • RANCHER
IndividualSEQUIM, WA
$3,300
Oct 30, 2024

Rep. Huizenga, Bill [R-MI-4]

ID: H001058

Top Contributors

10

1
POKAGON BAND OF POTAWATOMI INDIANS
OrganizationDOWAGIAC, MI
$3,300
Dec 11, 2023
2
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Aug 29, 2024
3
BARREL DOG, LLC
OrganizationHOLLAND, MI
$1,000
Sep 1, 2024
4
NOAH HOMES LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
5
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
6
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Jul 28, 2024
7
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Sep 5, 2024
8
STRAIGHT LINE RED ANGUS
OrganizationBANGOR, MI
$250
Jul 23, 2024
9
VAN ANDEL, AMY
THE STEVE AND AMY VAN ANDEL FOUNDATION • EXECUTIVE DIRECTOR
IndividualADA, MI
$75,000
Mar 29, 2024
10
VAN ANDEL, STEPHEN
AMWAY • CHAIRMAN
IndividualADA, MI
$75,000
Mar 29, 2024

Rep. Salazar, Maria Elvira [R-FL-27]

ID: S000168

Top Contributors

10

1
POARCH BANK OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
May 26, 2023
2
POARCH BANK OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 7, 2024
3
MICCOSUKEE TRIBE
OrganizationMIAMI, FL
$1,000
Dec 19, 2023
4
DIAZ-OLIVER, REMEDIOS MRS.
RETIRED • RETIRED
IndividualMIAMI, FL
$6,600
Dec 29, 2023
5
FALIC, JANA
HOMEMAKER • HOMEMAKER
IndividualBAL HARBOUR, FL
$6,600
Dec 31, 2023
6
MENDOZA GOMEZ, ROSSY A.
ROSE CAFE • OWNER
IndividualCORAL GABLES, FL
$6,600
Dec 29, 2023
7
SILVERMAN, JEFFREY
RETIRED • RETIRED
IndividualSURFSIDE, FL
$6,600
Oct 17, 2023
8
WEEKLEY, RICHARD
SELF-EMPLOYED • REAL ESTATE DEVELOPER
IndividualHOUSTON, TX
$6,600
Nov 7, 2023
9
BARQUET, ROY
FOLEY & LARDNER LLP • ATTORNEY
IndividualMIAMI, FL
$6,600
Dec 6, 2023
10
PETERFFY, THOMAS
INTERACTIVE BROKERS GROUP • CHAIRMAN
IndividualPALM BEACH, FL
$6,600
Dec 27, 2023

Rep. Stutzman, Marlin A. [R-IN-3]

ID: S001188

Top Contributors

4

1
BLEIBERG, PAUL E
NATIONAL MILK PRODUCERS FED. • VP GOVERNMENT RELATIONS
IndividualWASHINGTON, DC
$3,000
Mar 26, 2023
2
TORREY, MICHAEL K
TORREY ADVISORY GROUP • GOVERNMENT AFFAIRS
IndividualARLINGTON, VA
$2,000
Mar 8, 2023
3
BECK, DANIELLE
IndividualWASHINGTON, DC
$1,000
Jun 6, 2023
4
REY, MARK
THE LIVINGTON GROUP • GOVERNMENT AFFAIRS
IndividualWASHINGTON, DC
$250
Mar 31, 2023

Rep. De La Cruz, Monica [R-TX-15]

ID: D000594

Top Contributors

10

1
CHOCTAW NATION OF OKLAHOMA
OrganizationDURANT, OK
$3,300
Aug 29, 2024
2
THE CHICKASAW NATION
OrganizationADA, OK
$3,300
Aug 29, 2024
3
ALABAMA- COUSHATTA TRIBE
OrganizationLIVINGSTON, TX
$1,000
Oct 16, 2024
4
ADKINS, JAMES
RETIRED • RETIRED
IndividualHUNTINGTON, WV
$6,600
Oct 24, 2024
5
MOUSSEAU, RAYMOND
RETIRED • RETIRED
IndividualCROSWELL, MI
$6,600
Jun 2, 2024
6
DILAMANI, EDWARD
AGC • BUSINESSMAN
IndividualGREAT NECK, NY
$6,600
Jul 8, 2024
7
EMIG, SUELLEN
RETIRED • RETIRED
IndividualFREEDOM, PA
$6,600
Sep 29, 2024
8
STEWART, FORREST
RETIRED • RETIRED
IndividualDESOTO, IL
$6,534
Feb 13, 2024
9
SPECHT, VIVIAN
RETIRED • RETIRED
IndividualLYMAN, NE
$5,940
Aug 7, 2024
10
CERDA, JULIO
S TEXAS INFRASTRUCTURE GROUP • PARTNER
IndividualMISSION, TX
$5,000
Oct 25, 2024

Rep. Barr, Andy [R-KY-6]

ID: B001282

Top Contributors

10

1
TED J. BALESTRERI ENTERPRISES
OrganizationMONTEREY, CA
$1,000
Dec 6, 2023
2
QUEENSLAKE
OrganizationGEORGETOWN, KY
$300
Feb 12, 2024
3
VESTER, NANCY
NONE • RETIRED
IndividualCENTERVILLE, MA
$6,600
Sep 15, 2024
4
KOLLAR, CLINT WILLIAM
SIXTH STREET PARTNERS • INVESTOR
IndividualSAN FRANCISCO, CA
$6,600
Mar 22, 2023
5
FIELD, CHESTER JACK
NONE • RETIRED
IndividualSUMMERTON, SC
$6,600
Jun 4, 2024
6
FISHER, KENNETH
FISHER INVESTMENTS • EXECUTIVE CHAIRMAN
IndividualPLANO, TX
$6,600
May 21, 2024
7
FISHER, SHERRILYN
PLANO 6500 LLC • MEMBER
IndividualPLANO, TX
$6,600
May 21, 2024
8
BROWN, CHRIS
MINDSET • PARTNER
IndividualCHEVY CHASE, MD
$5,600
Mar 7, 2023
9
DARWISH, SAM
SINGULARITY INVESTMENTS LLC • CEO
IndividualMCKINNEY, TX
$5,000
Oct 28, 2024
10
CORRELL, JESS T.
FIRST SOUTHERN BANK • BANKER
IndividualSTANFORD, KY
$5,000
May 7, 2024

Rep. Fischbach, Michelle [R-MN-7]

ID: F000470

Top Contributors

10

1
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$2,500
Dec 18, 2023
2
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
Nov 3, 2023
3
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
Jun 17, 2024
4
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
Jun 17, 2024
5
SANTA YNEZ BAND OF MISSION INDIANS
OrganizationSANTA YNEZ, CA
$1,500
Mar 19, 2024
6
MS BAND OF CHOCTAW INDIANS
OrganizationCHOCTAW, MS
$1,000
Nov 5, 2024
7
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,000
Mar 27, 2023
8
SALT RIVER PIMA MARICOPA INDIAN COMMUNITY
OrganizationSCOTTSDALE, AZ
$1,000
Mar 31, 2023
9
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,000
Feb 27, 2024
10
SANTA YNEZ BAND OF MISSION INDIANS
OrganizationSANTA YNEZ, CA
$1,000
Jun 28, 2023

Rep. Steil, Bryan [R-WI-1]

ID: S001213

Top Contributors

10

1
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$3,300
Apr 25, 2024
2
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$3,300
Mar 22, 2023
3
OTOE MISSOURIA TRIBE OF OKLAHOMA
OrganizationRED ROCK, OK
$3,300
Sep 30, 2024
4
HO CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$3,300
Oct 30, 2024
5
HO CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$2,900
Mar 13, 2023
6
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$2,500
Dec 23, 2023
7
ONEIDA NATION
OrganizationONEIDA, WI
$2,000
Jun 30, 2023
8
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,500
Jun 30, 2023
9
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,500
Jun 30, 2024
10
ONEIDA NATION
OrganizationONEIDA, WI
$1,300
Jun 30, 2024

Donor Network - Rep. Nunn, Zachary [R-IA-3]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 74 nodes and 39 connections (57 secondary connections hidden)

Total contributions: $193,550

Top Donors - Rep. Nunn, Zachary [R-IA-3]

Showing top 21 donors by contribution amount

3 Orgs18 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 3 helped.

  • Section 2 modifies the deadline for filing beneficial ownership information reports, potentially reducing regulatory burden on private equity and hedge funds with pre-existing reporting companies, as cited in Section 5336(b)(1)(B) of title 31, United States Code

  • +Commercial Banksconfidence 0.80

    Section 2 modifies the deadline for filing beneficial ownership information reports, potentially reducing regulatory burden on commercial banks with pre-existing reporting companies, as cited in Section 5336(b)(1)(B) of title 31, United States Code

  • +Real Estateconfidence 0.80

    Section 2 modifies the deadline for filing beneficial ownership information reports, potentially reducing regulatory burden on real estate companies with pre-existing reporting companies, as cited in Section 5336(b)(1)(B) of title 31, United States Code

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Rep. Nunn, Zachary [R-IA-3])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.

Industries this bill HELPS

  • from 11 contributions
    • SINGER, PAUL$9,900
    • ROWAN, MARC$6,600
    • KLEINMAN, SCOTT MARTIN$6,400
    • ZELTER, JAMES$6,400
    • RUBERTON, ROBERT$2,800
  • from 11 contributions
    • O'NEILL, EDWARD PATRICK III$2,000
    • MCCRIGHT, RANDALL J.$2,000
    • BELL, DAWN$2,000
    • BOUSTEAD, HEATHER$273
    • ONEILL, EDWARD$250

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Small Business Administration

Strong
Vector: 67%
Pages: 792-794AI Enhanced

AI Analysis:

"HR 736 reduces regulatory paperwork for small businesses by extending the beneficial ownership reporting deadline, which aligns with Project 2025's SBA focus on cutting red tape and easing compliance burdens for small enterprises."

Key themes:regulatory burden reductionsmall business reliefpaperwork simplificationSBA reformregulatory flexibility

— 760 — Mandate for Leadership: The Conservative Promise ENDNOTES 1. H.R. 7953, Small Business Act, Public Law 85-536, 85th Congress, July 18, 1958, § 2, https://uscode.ecfr.io/ statutes/pl/85/536.pdf (accessed February 17, 2023), amended by H.R. 4877, One Stop Shop for Small Business Compliance Act of 2021, Public Law 117-188, 117th Congress, October 20, 2022, https://www.congress. gov/117/plaws/publ188/PLAW-117publ188.pdf (accessed February 17, 2023). 2. U.S. Small Business Administration, “About SBA: Organization: Mission,” https://www.sba.gov/about-sba/ organization (accessed February 19, 2023). 3. Michael Faulkender, Robert Jackman, and Stephen I. Miran, “The Job-Preservation Effects of Paycheck Protection Program Loans,” U.S. Department of the Treasury, Office of Economic Policy, Working Paper No. 2020-01, December 2020, p. 9, https://home.treasury.gov/system/files/226/Job-Preservation-Effects- Paycheck-Protection-Program-Loans.pdf (accessed February 16, 2023). 4. Kate Rogers, Scott Zamost, Karina Hernandez, and Jennifer Schlesinger, “As Pandemic Aid Was Rushed to Main Street, Criminals Seized on Covid Relief Programs,” CNBC, April 15, 2021, https://www.cnbc. com/2021/04/15/as-pandemic-aid-was-rushed-to-main-street-criminals-seized-on-ppp-eidl-.html (accessed February 16, 2023). 5. Kevin Brewer, “Bills Extend Statute of Limitation for Prosecuting PPP, EIDL Fraud,” Journal of Accountancy, August 10, 2022, https://www.journalofaccountancy.com/news/2022/aug/bills-extend-statute-limitation- prosecuting-ppp-eidl-fraud.html (accessed February 16, 2023). 6. Sacha Pfeiffer, “Virtually All PPP Loans Have Been Forgiven with Limited Scrutiny,” NPR, October 12, 2022, https://www.npr.org/2022/10/12/1128207464/ppp-loans-loan-forgiveness-small-business#:~:text=As%20 COVID-19%20shutdowns%20threatened,early%20days%20of%20the%20pandemic (accessed February 16, 2023). 7. U.S. Small Business Administration, “About SBA: Organization: SBA History,” https://www.sba.gov/about-sba/ organization (accessed February 19, 2023). 8. President Richard Nixon, Executive Order 11518, “Providing for the Increased Representation of the Interests of Small Business Concerns Before Departments and Agencies of the United States Government,” March 20, 1970, in Federal Register, Vol. 35, No. 56 (March 21, 1970), pp. 4939–4940, https://tile.loc.gov/storage-services/ service/ll/fedreg/fr035/fr035056/fr035056.pdf (accessed February 18, 2023). 9. S. 3331, Small Business Amendments of 1974, Public Law 93-386, 93rd Congress, August 23, 1974, https://www. congress.gov/93/statute/STATUTE-88/STATUTE-88-Pg742.pdf (accessed February 19, 2023). 10. S. 299, Regulatory Flexibility Act, Public Law No. 96-354, 96th Congress, September 19, 1980, https://www. congress.gov/96/statute/STATUTE-94/STATUTE-94-Pg1164.pdf (accessed February 19, 2023). 11. Maeve P. Carey, “The Regulatory Flex Act: An Overview,” Congressional Research Service In Focus No. IF11900, August 16, 2021, https://crsreports.congress.gov/product/pdf/IF/IF11900 (accessed February 18, 2023). 12. U.S. Small Business Administration, Office of Advocacy, “The Regulatory Flexibility Act,” https://advocacy.sba. gov/resources/the-regulatory-flexibility-act/ (accessed February 18, 2023). 13. H.R. 644, Trade Facilitation and Trade Enforcement Act of 2015, Public Law No. 114-125, 114th Congress, February 24, 2026, https://www.congress.gov/114/statute/STATUTE-130/STATUTE-130-Pg122.pdf (accessed March 21, 2023). 14. U.S. Small Business Administration, Office of Advocacy, “Advocacy Releases Trade Report,” December 21, 2018, https://advocacy.sba.gov/2018/12/21/advocacy-releases-trade-report/ (accessed March 21, 2023). 15. Associated Press, “Reagan Offers $994-Billion ‘Hard-Choices’ 1987 Budget,” Los Angeles Times, February 5, 1986, http://www.latimes.com/archives/la-xpm-1986-02-05-mn-4369-story.html (accessed February 18, 2023). 16. Testimony of Hon. Hector V. Barreto, Administrator, Small Business Administration, in hearing, The President’s FY 2006 Budget Request for the Small Business Administration, Committee on Small Business and Entrepreneurship, U.S. Senate, 109th Congress, 1st Session, February 17, 2005, p. 8, https://books.google.com/ books?id=UwD-2ICa8k8C&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false (accessed February 18, 2023). See also Report No. 109-49, Summary of Legislative and Oversight Activities During the 108th Congress, Committee on Small Business and Entrepreneurship, U.S. Senate, 109th Congress, 1st Session, March 30, 2005, p. 21, https://www.congress.gov/109/crpt/srpt49/CRPT-109srpt49.pdf (accessed February 18, 2023). — 761 — Small Business Administration 17. Editorial, “The Small Business Administration Needs Reforming,” The Washington Post, December 18, 2016, https://www.washingtonpost.com/opinions/the-sba-needs-reforming/2016/12/18/b639fc4c-c159-11e6-8422- eac61c0ef74d_story.html (accessed February 18, 2023). 18. Robert Jay Dilger, Anthony A. Cilluffo, and R. Corinne Blackford, “Small Business Administration Funding: Overview and Recent Trends,” Congressional Research Service Report for Members and Committees of Congress No. R43486, updated July 14, 2022, Summary, https://sgp.fas.org/crs/misc/R43846.pdf (accessed November 18, 2022). 19. Ibid., p. 2. Emphasis added. 20. Press release, “SBA Announces End-of-Year Capital Benchmarks Showing Historic Support for Small Businesses Under Administrator Guzman,” U.S. Small Business Administration, December 13, 2022, https:// www.sba.gov/article/2022/dec/13/sba-announces-end-year-capital-benchmarks-showing-historic-support- small-businesses-under?utm_medium=email&utm_source=govdelivery (accessed February 18, 2023). 21. USASpending,gov, “Agency Profile: Small Business Administration (SBA),” data through September 29, 2022, https://www.usaspending.gov/agency/small-business-administration?fy=2022 (accessed February 18, 2023). 22. Testimony and prepared statement of Tad DeHaven, Budget Analyst, Cato Institute, in hearing, An Examination of SBA Programs: Eliminating Inefficiencies, Duplications, Fraud, and Abuse, Committee on Small Business and Entrepreneurship, U.S. Senate, 112th Congress, 1st Session, June 16, 2011, pp. 80–90, https://www. govinfo.gov/content/pkg/CHRG-112shrg88373/pdf/CHRG-112shrg88373.pdf (accessed February 18, 2023). 23. Sarah Westwood, “Feds Gave $400 Million in Contracts to Ineligible Firms,” Washington Examiner, September 28, 2014, https://www.washingtonexaminer.com/feds-gave-400-million-in-contracts-to-ineligible-firms (accessed February 18, 2023). 24. Keith Girard, “Inside the SBA’s Monumental Katrina Loan Scandal,” AllBusiness.com, https://www.allbusiness. com/inside-the-sbas-monumental-katrina-loan-scandal-11793824-1.html (accessed February 18, 2023). 25. Arnold & Porter, “CARES Act Fraud Tracker,” last updated January 2, 2023, https://www.arnoldporter.com/en/ general/cares-act-fraud-tracker (accessed February 18, 2023). 26. Jay Edwards, “Bipartisan Call to Crack Down on COVID-19 PPP/EIDL Fraud, Prosecute Fraudsters to the Fullest Extent of the Law,” WRNJ Radio (Hackettstown, New Jersey), October 21, 2022, https://wrnjradio.com/ bipartisan-call-to-crack-down-on-covid-19-ppp-eidl-fraud-prosecute-fraudsters-to-the-fullest-extent-of-the- law/ (accessed March 21, 2023). 27. See, for example, H.R. 7628, IMPROVE the SBA Act, 117th Congress, introduced April 28, 2022, https://www. congress.gov/117/bills/hr7628/BILLS-117hr7628ih.pdf (accessed February 18, 2023). 28. In varying degrees, almost every small-business advocacy organization and trade association engages with the SBA. During periods of hyper-regulatory activity fueled by an activist Administration, the small- business community engages more frequently with the Office of Advocacy through its roundtables and other mechanisms in the hope of warding off costly and intrusive rulemakings. A future conservative Administration can look to the following groups, among others, for support in advancing both SBA and broader policy reform: American Hotel and Lodging Association; Asian American Hotel Owners Association; Association of Builders and Contractors; Associated Equipment Distributors; Ceramic Tile Distributors Association; Consumer Technology Association; Family Business Coalition; Foodservice Equipment Distributors Association; Heating, Air-conditioning, and Refrigeration Distributors International; Independent Bakers Association; Independent Community Bankers Association; Independent Electrical Contractors’ International Association of Plastics Distributors; International Franchise Association; Metals Service Center Institute; National Association of Electrical Distributors; National Association of Manufacturers; National Association of Wholesaler-Distributors; National Fastener Distributors Association; National Marine Distributors Association; National Federation of Independent Business; National Ready Mix Concrete Association; National Small Business Association; Small Business and Entrepreneurship Council; and U.S. Hispanic Chamber of Commerce. Additionally, the small-business community is diverse and broad, and several key groups strongly support SBA lending but vigorously oppose tax, regulatory, and spending policies that are intrusiveness or costly to business. Conservative think tanks and taxpayer organizations like The Heritage Foundation, the Cato Institute, the National Taxpayers Union, Citizens Against Government Waste, the Taxpayers Protection Alliance, and Americans for Tax Reform (among others) also have a stake in an improved and cost-effective SBA.

Small Business Administration

Strong
Vector: 67%
Pages: 795-797AI Enhanced

AI Analysis:

"Both HR 736 and the Project 2025 SBA section emphasize reducing regulatory burdens on small businesses through streamlined compliance and paperwork relief, reflecting a shared goal of easing administrative obstacles for small enterprises."

Key themes:regulatory burden reductionsmall business reliefstreamlining compliancepaperwork reductionSBA regulatory reform

— 762 — Mandate for Leadership: The Conservative Promise 29. U.S. Small Business Administration, “Ensuring Equal Treatment for Faith-Based Organizations in SBA’s Loan and Disaster Assistance Programs,” Proposed Rule, Federal Register, Vol. 86, No. 11 (January 19, 2021), pp. 5036–5040, https://www.federalregister.gov/documents/2021/01/19/2021-00446/ensuring-equal-treatment- for-faith-based-organizations-in-sbas-loan-and-disaster-assistance-programs (accessed February 18, 2023). 30. President Joseph R. Biden Jr., Executive Order 14019, “Promoting Access to Voting,” March 7, 2021, in Federal Register, Vol. 86, No. 45 (March 10, 2021), pp. 13623–13627, https://www.govinfo.gov/content/pkg/ FR-2021-03-10/pdf/2021-05087.pdf (accessed February 19, 2023). See also press release, “Small Business Committee Republicans: The SBA Should Stay Out of Elections and Focus on Our Small Businesses,” Small Business Committee Republicans, Committee on Small Business, U.S. House of Representatives, April 4, 2022, https://republicans-smallbusiness.house.gov/news/documentsingle.aspx?DocumentID=404061 (accessed February 18, 2023). 31. Press release, “SBA Administrator Guzman, Biden–Harris Administration Announce Community Navigator Pilot Program Grantees,” U.S. Small Business Administration, October 28, 2021, https://www.sba.gov/ article/2021/oct/28/sba-administrator-guzman-biden-harris-administration-announce-community-navigator- pilot-program (accessed February 18, 2023). 32. John Reosti, “SBA Hasn’t Given Up on Direct Lending,” American Banker, May 2, 2022, https://www. americanbanker.com/creditunions/news/sba-hasnt-given-up-on-direct-lending (accessed February 18, 2023). 33. Goldman Sachs, 10,000 Small Businesses Voices, “22 Years Is Too Long: Support Small Businesses. Reauthorize the SBA,” Open Letter to Congress, November 16, 2022, https://www.goldmansachs.com/ citizenship/10000-small-businesses/US/voices/reauthorize-the-sba-letter/index.html (accessed February 18, 2023). According to Goldman Sachs, the letter “was published in Politico on Wednesday, November 16 to kick of a broader campaign to prioritize small businesses and modernize the SBA in the next Congress” and “was signed by over 3,000 small business owners from all 50 states.” Ibid. 34. See, for example, “Challenge 3: SBA Faces Significant Challenges in IT Investment, System Development, and Security Controls,” in U.S. Small Business Administration, Office of Inspector General, Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2023, Report 23-01, October 14, 2022, pp. 16–19, https://www.sba.gov/sites/default/files/2022-10/SBA%20OIG%20Report%2023-01_0.pdf (accessed February 18, 2023). 35. Ibid., p. iv. 36. Appendix M, “Office of Advocacy’s Legislative Priorities,” and Appendix Q, “Memorandum of Understanding Between the Small Business Administration and the Office of Advocacy,” in U.S. Small Business Administration, Office of Advocacy, Background Paper, Office of Advocacy, 2017–2020, January 2021, pp. 192 and 197, https://cdn.advocacy.sba.gov/wp-content/uploads/2021/02/09101916/Background-Paper-Office-of- Advocacy-2017-2020-web.pdf (accessed February 18, 2023). 37. President Donald J. Trump, Executive Order 13771, “Reducing Regulation and Controlling Regulatory Costs,” January 30, 2017, in Federal Register, Vol. 82, No. 22 (February 3, 2017), pp. 9339–9341, https://www.govinfo. gov/content/pkg/FR-2017-02-03/pdf/2017-02451.pdf (accessed February 19, 2023), and President Donald J. Trump, Executive Order 13777, “Enforcing the Regulatory Reform Agenda,” February 24, 2017, in Federal Register, Vol. 82, No. 39 (March 1, 2017), pp. 12285–12287, https://www.govinfo.gov/content/pkg/FR-2017-03- 01/pdf/2017-04107.pdf (accessed February 19, 2023). 38. U.S. Small Business Administration, Office of Advocacy, What Small Businesses Are Saying and What Advocacy Is Doing About It: Progress Report on the Office of Advocacy’s Regional Regulatory Reform Roundtables, June 2017–September 2018, December 2018, https://cdn.advocacy.sba.gov/wp-content/ uploads/2018/12/20091536/What-Small-Businesses-Are-Saying-What-Advocacy-Is-Doing.pdf April 2020, https://advocacy.sba.gov/regulatory-reform/ (accessed February 18, 2023December 10, 2022). See also U.S. Small Business Administration, Office of Advocacy, Reforming Regulations and Listening to Small Business: Second Progress Report on the Office of Advocacy’s Regional Regulatory Roundtables, June 2017–December 2019, https://cdn.advocacy.sba.gov/wp-content/uploads/2020/04/20141200/2nd-Progress-Report-on-Reg- Reform-Roundtables.pdf (accessed February 18, 2023). 39. U.S. Small Business Administration, Office of Advocacy, What Small Businesses Are Saying and What Advocacy Is Doing About It: Progress Report on the Office of Advocacy’s Regional Regulatory Reform Roundtables, June 2017–September 2018, pp. 32 and 43. — 763 — Small Business Administration 40. U.S. Small Business Administration, Office of Inspector General, Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2023, p. iv. 41. H.R. 748, CARES (Coronavirus Aid, Relief, and Economic Security) Act, Public Law No. 116-136, 116th Congress, March 27, 2020, https://www.congress.gov/116/plaws/publ136/PLAW-116publ136.pdf (accessed February 19, 2023). 42. Sarah McCammon, “Planned Parenthood Asked to Return Funds from Paycheck Protection Program,” NPR, May 21, 2020, https://www.npr.org/2020/05/21/859991359/planned-parenthood-asked-to-return-funds- from-paycheck-protection-program (accessed February 18, 2023). 43. Letter from William Manger, Associate Administrator, U.S. Small Business Administration, to Laura Meyers, Planned Parenthood of Metropolitan Washington, “Re: Notice of Investigation and Request for Records,” May 19, 2020, https://s3.documentcloud.org/documents/6922122/SBA-Letter-Planned-Parenthood-DC.pdf (accessed February 18, 2023). 44. Press release, “Lankford, HSGAC Republicans Demand Details on Illegal PPP Loans to Planned Parenthood Affiliates,” Office of U.S. Senator James Lankford, April 28, 2022, https://www.lankford.senate.gov/news/press- releases/lankford-hsgac-republicans-demand-details-on-illegal-ppp-loans-to-planned-parenthood-affiliates (accessed February 18, 2023). 45. Press release, “Romney, Colleagues Request Information from SBA Administrator Guzman on Illegal PPP Loans Given to Planned Parenthood Affiliates,” Office of U.S. Senator Mitt Romney, April 28, 2022, https:// www.romney.senate.gov/romney-colleagues-request-information-from-sba-administrator-guzman-on- illegal-ppp-loans-given-to-planned-parenthood-affiliates/ (accessed February 18, 2023). 46. 13 C.F.R. §§ 109.400(b)(11), https://www.law.cornell.edu/cfr/text/13/109.400; 123.301(g), https://www.law. cornell.edu/cfr/text/13/123.301; 123.502(n), https://www.law.cornell.edu/cfr/text/13/123.502; and 123.702(b)(6), https://www.law.cornell.edu/cfr/text/13/123.702 (all accessed February 19, 2023). 47. U.S. Small Business Administration, “Religious Eligibility Worksheet for all 7(a) and 504 Loan Programs” SBA Form 1971, http://www.sba.gov/sites/default/files/2020-11/sba-form-1971.pdf (accessed February 18, 2023). 48. U.S. Small Business Administration, “Ensuring Equal Treatment for Faith-Based Organizations in SBA’s Loan and Disaster Assistance Program.” 49. See, for example, Carson v. Makin, 596 U.S. ___ (2022), https://www.supremecourt.gov/ opinions/21pdf/20-1088_dbfi.pdf (accessed February 19, 2023). 50. 28 U.S. Code § 530d, https://www.law.cornell.edu/uscode/text/28/530D (accessed February 19, 2023). 51. U.S. Small Business Administration, “Ensuring Equal Treatment for Faith-Based Organizations in SBA’s Loan and Disaster Assistance Program.” 52. 13 CFR 120.110(k), https://www.law.cornell.edu/cfr/text/13/120.110 (accessed February 19, 2023). 53. U.S. Small Business Administration, “Regulatory Reform Initiative: Streamlining and Modernizing the 7(a), Microloan, and 504 Loan Programs to Reduce Regulatory Burden,” Final Rule, Federal Register, Vol. 87, No. 125 (June 30, 2022), pp. 38900–38910, https://www.federalregister.gov/documents/2022/06/30/2022-13483/ regulatory-reform-initiative-streamlining-and-modernizing-the-7a-microloan-and-504-loan-programs-to (accessed February 18, 2023). 54. Ibid. 55. U.S. Department of Justice, Office of Legal Counsel “Religious Restrictions on Capital Financing for Historically Black Colleges and Universities,” Memorandum Opinion for the Acting General Counsel, Department of Education, August 15, 2019, https://www.justice.gov/sites/default/files/opinions/ attachments/2021/01/01/2019-08-15-hbcu-capfin-2.pdf. (accessed February 18, 2023). 56. U.S. Small Business Administration, Office of Investment and Innovation, SBIR and STTR Annual Report, Fiscal Year 2019, p. 8, https://www.sbir.gov/sites/default/files/SBA_Final_FY19_SBIR_STTR_Annual_Report.pdf (accessed February 18, 2023). 57. S. 4900, SBIR and STTR Extension Act of 2022, Public Law No. 117–183, 117th Congress, September 30, 2022, https://www.congress.gov/117/plaws/publ183/PLAW-117publ183.pdf (accessed February 18, 2023). 58. U.S. Small Business Administration, Office of Investment and Innovation, SBIR and STTR Annual Report, Fiscal Year 2019, pp. 6, 40, and 108.

Small Business Administration

Strong
Vector: 66%
Pages: 795-797AI Enhanced

AI Analysis:

"HR 736 seeks to lessen regulatory paperwork for small businesses, which directly aligns with Project 2025's Small Business Administration emphasis on reducing regulatory burden and reforming regulations to support small enterprises."

Key themes:regulatory burden reductionsmall business supportSBA focuspaperwork reliefregulatory reform

— 762 — Mandate for Leadership: The Conservative Promise 29. U.S. Small Business Administration, “Ensuring Equal Treatment for Faith-Based Organizations in SBA’s Loan and Disaster Assistance Programs,” Proposed Rule, Federal Register, Vol. 86, No. 11 (January 19, 2021), pp. 5036–5040, https://www.federalregister.gov/documents/2021/01/19/2021-00446/ensuring-equal-treatment- for-faith-based-organizations-in-sbas-loan-and-disaster-assistance-programs (accessed February 18, 2023). 30. President Joseph R. Biden Jr., Executive Order 14019, “Promoting Access to Voting,” March 7, 2021, in Federal Register, Vol. 86, No. 45 (March 10, 2021), pp. 13623–13627, https://www.govinfo.gov/content/pkg/ FR-2021-03-10/pdf/2021-05087.pdf (accessed February 19, 2023). See also press release, “Small Business Committee Republicans: The SBA Should Stay Out of Elections and Focus on Our Small Businesses,” Small Business Committee Republicans, Committee on Small Business, U.S. House of Representatives, April 4, 2022, https://republicans-smallbusiness.house.gov/news/documentsingle.aspx?DocumentID=404061 (accessed February 18, 2023). 31. Press release, “SBA Administrator Guzman, Biden–Harris Administration Announce Community Navigator Pilot Program Grantees,” U.S. Small Business Administration, October 28, 2021, https://www.sba.gov/ article/2021/oct/28/sba-administrator-guzman-biden-harris-administration-announce-community-navigator- pilot-program (accessed February 18, 2023). 32. John Reosti, “SBA Hasn’t Given Up on Direct Lending,” American Banker, May 2, 2022, https://www. americanbanker.com/creditunions/news/sba-hasnt-given-up-on-direct-lending (accessed February 18, 2023). 33. Goldman Sachs, 10,000 Small Businesses Voices, “22 Years Is Too Long: Support Small Businesses. Reauthorize the SBA,” Open Letter to Congress, November 16, 2022, https://www.goldmansachs.com/ citizenship/10000-small-businesses/US/voices/reauthorize-the-sba-letter/index.html (accessed February 18, 2023). According to Goldman Sachs, the letter “was published in Politico on Wednesday, November 16 to kick of a broader campaign to prioritize small businesses and modernize the SBA in the next Congress” and “was signed by over 3,000 small business owners from all 50 states.” Ibid. 34. See, for example, “Challenge 3: SBA Faces Significant Challenges in IT Investment, System Development, and Security Controls,” in U.S. Small Business Administration, Office of Inspector General, Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2023, Report 23-01, October 14, 2022, pp. 16–19, https://www.sba.gov/sites/default/files/2022-10/SBA%20OIG%20Report%2023-01_0.pdf (accessed February 18, 2023). 35. Ibid., p. iv. 36. Appendix M, “Office of Advocacy’s Legislative Priorities,” and Appendix Q, “Memorandum of Understanding Between the Small Business Administration and the Office of Advocacy,” in U.S. Small Business Administration, Office of Advocacy, Background Paper, Office of Advocacy, 2017–2020, January 2021, pp. 192 and 197, https://cdn.advocacy.sba.gov/wp-content/uploads/2021/02/09101916/Background-Paper-Office-of- Advocacy-2017-2020-web.pdf (accessed February 18, 2023). 37. President Donald J. Trump, Executive Order 13771, “Reducing Regulation and Controlling Regulatory Costs,” January 30, 2017, in Federal Register, Vol. 82, No. 22 (February 3, 2017), pp. 9339–9341, https://www.govinfo. gov/content/pkg/FR-2017-02-03/pdf/2017-02451.pdf (accessed February 19, 2023), and President Donald J. Trump, Executive Order 13777, “Enforcing the Regulatory Reform Agenda,” February 24, 2017, in Federal Register, Vol. 82, No. 39 (March 1, 2017), pp. 12285–12287, https://www.govinfo.gov/content/pkg/FR-2017-03- 01/pdf/2017-04107.pdf (accessed February 19, 2023). 38. U.S. Small Business Administration, Office of Advocacy, What Small Businesses Are Saying and What Advocacy Is Doing About It: Progress Report on the Office of Advocacy’s Regional Regulatory Reform Roundtables, June 2017–September 2018, December 2018, https://cdn.advocacy.sba.gov/wp-content/ uploads/2018/12/20091536/What-Small-Businesses-Are-Saying-What-Advocacy-Is-Doing.pdf April 2020, https://advocacy.sba.gov/regulatory-reform/ (accessed February 18, 2023December 10, 2022). See also U.S. Small Business Administration, Office of Advocacy, Reforming Regulations and Listening to Small Business: Second Progress Report on the Office of Advocacy’s Regional Regulatory Roundtables, June 2017–December 2019, https://cdn.advocacy.sba.gov/wp-content/uploads/2020/04/20141200/2nd-Progress-Report-on-Reg- Reform-Roundtables.pdf (accessed February 18, 2023). 39. U.S. Small Business Administration, Office of Advocacy, What Small Businesses Are Saying and What Advocacy Is Doing About It: Progress Report on the Office of Advocacy’s Regional Regulatory Reform Roundtables, June 2017–September 2018, pp. 32 and 43.

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About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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