Description:
H.R. 6316 would expand the required duties of the Small Business Administration’s (SBA’s) Office of Advocacy to include examining the role of small business in the international economy. The bill also would direct the office to represent the views and interests of small businesses before foreign governments and international entities regarding regulatory and trade initiatives that may affect small business. Using information from the SBA, CBO estimates that implementing H.R. 6316 would cost less than $500,000 for the agency to carry out the additional duties required under the bill; such spending would be subject to the availability of appropriated funds. Enacting H.R. 6316 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply. CBO estimates that enacting H.R. 6316 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2029. H.R. 6316 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
