HR 2965referred119th Congress

Small Business Regulatory Reduction Act of 2025

Introduced Apr 17, 2025House billPolicy area: CommerceLast action Dec 4, 2025Sponsor: Beth Van Duyne(R-TX)

tradeCommerce

Small Business and Entrepreneurship CommitteeSmall Business Committee

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Official summaryUpdated Dec 4, 2025

What the bill does

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.

Latest official action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Lobbying Filings

$30.5M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 18, 2024lobbying

Lobbying filed by AUTISM SPEAKS

Jul 19, 2024lobbying

Lobbying filed by AUTISM SPEAKS

Oct 18, 2024lobbying

Lobbying filed by AUTISM SPEAKS

Jan 17, 2025lobbying

Lobbying filed by AUTISM SPEAKS

Jan 24, 2025trade

Gilbert Ray Cisneros, Jr. bought K

Apr 8, 2025trade

Robert P. Bresnahan, Jr. bought K

Official Congressional Actions

Dec 4, 2025IntroReferral

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Small Business and Entrepreneurship Committee

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Dec 3, 2025Floor

Considered as unfinished business. (consideration: CR H5011)

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Dec 3, 2025Floor

Passed/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)

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Dec 3, 2025Floor

Motion to reconsider laid on the table Agreed to without objection.

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
AUTISM SPEAKS	AUTISM SPEAKS	$8.0M	Apr 18, 2024	2024Q1	HCR
AUTISM SPEAKS	AUTISM SPEAKS	$7.0M	Oct 18, 2024	2024Q3	HCR
SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)	SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)	$6.5M	Jul 22, 2025

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

Member	Party	Ticker	Company	Trade	Date	Amount	Timing	Lobbying Client	Conflict
Robert P. Bresnahan, Jr.	R	K	K	Buy	Apr 8, 2025	$1,001 - $15,000	9d before	AUTISM SPEAKS	37%
Gilbert Ray Cisneros, Jr.	D	K

Conflict Summary

4 trades by 2 members of Congress in companies connected to lobbying on HR 2965. The average conflict score is 35%.

Robert P. Bresnahan, Jr. (1 trade)Gilbert Ray Cisneros, Jr. (3 trades)

Votes on This Bill

Member	Party	Position	Date
Summer L. Lee	D	nay	Dec 3, 2025
Pete Sessions	R	yea	Dec 3, 2025
Robert B. Aderholt	R	yea	Dec 3, 2025
Jake Auchincloss	D	nay	Dec 3, 2025

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.