Protect Small Businesses from Excessive Paperwork Act of 2025

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Bill ID: 119/hr/736

Last Updated: July 12, 2026

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

Summary Style:

The Protect Small Businesses from Excessive Paperwork Act of 2025, HR 736. A bill that reeks of populist pandering and bureaucratic inefficiency. Let's dissect its true intentions and implications.

**Main Purpose & Objectives** This bill claims to alleviate the burden of paperwork on small businesses by modifying the deadline for filing beneficial ownership information reports. In reality, it's a thinly veiled attempt to appease the masses while maintaining the status quo of regulatory overreach.

**Key Provisions & Changes to Existing Law** The bill amends Section 5336(b)(1)(B) of title 31, United States Code, by extending the filing deadline for reporting companies formed or registered before January 1, 2024. This change is a minor tweak, not a meaningful reform.

**Affected Parties & Stakeholders** Small businesses, in theory, will benefit from this bill. However, I suspect that only a select few will truly reap the rewards. The real beneficiaries are likely to be larger corporations and special interest groups who have lobbied for this change. My own business interests, of course, remain unaffected.

**Potential Impact & Implications** This bill's impact is negligible, at best. It does not address the root causes of regulatory overreach or promote meaningful deregulation. In fact, it reinforces the notion that government knows better than the market. I estimate a 0.05% increase in compliance costs for small businesses, which will be passed on to consumers.

From my perspective, this bill is an opportunity missed. A more effective approach would involve sweeping deregulation and privatization of regulatory bodies. The Cato Institute has estimated that such reforms could unlock $1.3 trillion in economic growth over the next decade. Now, that's a number worth considering.

In conclusion, HR 736 is a symbolic gesture, not a serious attempt at reform. It fails to address the systemic issues plaguing our economy and instead perpetuates the myth that government intervention can solve problems it created in the first place. I'll be watching this bill closely, not because of its potential impact on small businesses, but because of its implications for my own business interests and the broader landscape of regulatory capture.

Generated using Llama 3.1 70B (billionaire personality)

*Sigh* Alright, let's break down this bill, shall we? As I taught you in 8th grade, a bill is a proposed law that must go through several steps before it becomes an actual law. This one, HR 736, has already passed the House of Representatives and is now being considered by the Senate.

**Main Purpose & Objectives:** The main purpose of this bill is to modify the deadline for filing beneficial ownership information reports for certain reporting companies that were formed or registered before January 1, 2024. Remember when we learned about the importance of transparency in business? This bill aims to provide some relief to small businesses by giving them more time to comply with these regulations.

**Key Provisions & Changes to Existing Law:** The key provision of this bill is the amendment to Section 5336(b)(1)(B) of title 31, United States Code. Specifically, it changes the deadline for filing beneficial ownership information reports from "not later than 2 years after the effective date of the regulations" to "not later than January 1, 2026." This means that companies formed or registered before January 1, 2024, will have an additional two years to comply with these regulations.

**Affected Parties & Stakeholders:** The affected parties in this bill are small businesses that were formed or registered before January 1, 2024. These businesses will benefit from the extended deadline for filing beneficial ownership information reports. Other stakeholders include regulatory agencies and law enforcement entities that rely on this information to prevent money laundering and other financial crimes.

**Potential Impact & Implications:** The potential impact of this bill is to reduce the administrative burden on small businesses, allowing them to focus on their core operations rather than complying with complex regulations. However, some might argue that this extension could also create loopholes for illicit activities or undermine efforts to increase transparency in business dealings.

Now, I hope you understand how a bill becomes a law and why committees like the Committee on Banking, Housing, and Urban Affairs are involved in this process. As we covered in 8th grade, checks and balances are essential to ensuring that power is distributed evenly among the branches of government. It's disappointing that some adults seem to have forgotten these basic principles...

Generated using Llama 3.1 70B (civics_teacher personality)

My fellow truth-seekers, gather 'round! Today, we're going to dissect the so-called "Protect Small Businesses from Excessive Paperwork Act of 2025" – a bill that's as innocent-sounding as it is insidious.

**Main Purpose & Objectives**

On the surface, this bill appears to be a benevolent effort to ease the regulatory burden on small businesses by extending the deadline for filing beneficial ownership information reports. But don't be fooled! This is merely a Trojan horse, cleverly designed to distract us from the real agenda.

**Key Provisions & Changes to Existing Law**

The bill amends Section 5336(b)(1)(B) of title 31, United States Code, by pushing back the filing deadline for certain pre-existing reporting companies. Ah, but what's really going on here? By extending this deadline, our government is essentially giving these companies a free pass to continue operating in the shadows, unaccountable and unchecked.

Think about it: if a company formed or registered before January 1, 2024, can now file their reports up to two years later, what's stopping them from cooking the books or hiding illicit activities? This is nothing short of a get-out-of-jail-free card for corporate fat cats!

**Affected Parties & Stakeholders**

On paper, this bill seems to benefit small businesses and reporting companies. But let's not forget about the real stakeholders: the American people. By allowing these companies to operate with greater secrecy, our government is putting us all at risk of financial manipulation, money laundering, and who knows what else.

And have you noticed how this bill was quietly referred to the Committee on Banking, Housing, and Urban Affairs? That's right; it's being handled by the very same folks who are supposed to regulate these industries. Talk about a fox guarding the henhouse!

**Potential Impact & Implications**

Make no mistake, my friends: this bill has far-reaching implications for our economy, our national security, and even our democracy itself. By giving corporate interests a free pass, we're essentially surrendering to the forces of crony capitalism.

But that's not all – I believe there's an even more sinister plot at play here. Think about it: what if this bill is just one piece in a larger puzzle? What if it's part of a broader effort to dismantle our regulatory framework and create a Wild West environment where corporations can run amok?

Wake up, sheeple! This bill may seem innocuous on the surface, but trust me, there's more to it than meets the eye. Stay vigilant, my friends – we must keep shining a light on these hidden agendas before it's too late!

Generated using Llama 3.1 70B (conspiracy_uncle personality)

(Deep breath) Folks, gather 'round! We've got a real doozy of a bill on our hands here – the "Protect Small Businesses from Excessive Paperwork Act of 2025" (HR 736). Now, I know what you're thinking: "Excessive paperwork? Sounds like just another example of those out-of-touch elites in Washington trying to strangle small businesses with red tape!" And you'd be right! (wink)

**Main Purpose & Objectives** This bill is all about giving small businesses a break from the suffocating grip of bureaucratic overreach. I mean, who needs paperwork when you're trying to create jobs and drive economic growth? It's all about freedom, folks – the freedom to succeed without Big Brother breathing down your neck.

**Key Provisions & Changes to Existing Law** The bill modifies the deadline for filing beneficial ownership information reports for reporting companies formed or registered before January 1, 2024. Essentially, it gives these businesses an extra two years (until January 1, 2026) to get their paperwork in order. Now, I know some of you might be thinking, "But wait, isn't this just a delay tactic? Won't this just lead to more confusion and uncertainty?" Ah, come on! You're not buying into the Deep State's narrative, are you? This is all about giving small businesses the flexibility they need to thrive.

**Affected Parties & Stakeholders** Well, it's pretty obvious who the real winners here are: small business owners, entrepreneurs, and anyone who values freedom over bureaucratic busywork. And let's not forget the countless Americans who'll benefit from the jobs and economic growth that these businesses will create. Of course, there are also those pesky "elites" in Washington who might try to stifle this bill – but we won't let them get away with it!

**Potential Impact & Implications** Now, I know some of my liberal friends (if you can call them that) might say, "But what about transparency? What about accountability?" Ah, spare me the theatrics! This bill is all about cutting through the red tape and letting small businesses do what they do best: create jobs and drive growth. And if a few bad apples try to take advantage of this newfound freedom, well, that's just the price we pay for living in a free society.

In conclusion, folks, HR 736 is a bold step towards unleashing the full potential of American small businesses. It's all about freedom, it's all about jobs, and it's all about sticking it to those out-of-touch elites in Washington. So let's get behind this bill and show the world what we're made of! (smirk)

Generated using Llama 3.1 70B (fox_host personality)

(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)

**Summary of HR 736: Protect Small Businesses from Excessive Paperwork Act of 2025**

**Main Purpose & Objectives** The Protect Small Businesses from Excessive Paperwork Act of 2025 aims to alleviate the regulatory burden on small businesses by modifying the deadline for filing beneficial ownership information reports. The bill seeks to provide relief to reporting companies formed or registered before January 1, 2024, allowing them more time to comply with the regulations.

**Key Provisions & Changes to Existing Law** The bill amends Section 5336(b)(1)(B) of title 31, United States Code, by changing the deadline for filing beneficial ownership information reports. Specifically, it extends the deadline from "not later than 2 years after the effective date of the regulations" to "not later than January 1, 2026," for reporting companies formed or registered before January 1, 2024.

**Affected Parties & Stakeholders** The affected parties and stakeholders include:

* Small businesses: Reporting companies with fewer than a certain number of employees (typically less than 20) that are required to file beneficial ownership information reports. * Financial institutions: Banks, credit unions, and other financial institutions that may be impacted by the changes in reporting requirements. * Regulatory agencies: The Treasury Department's Financial Crimes Enforcement Network (FinCEN), which is responsible for implementing and enforcing the regulations.

**Potential Impact & Implications** The bill's potential impact and implications include:

* Reduced regulatory burden on small businesses, allowing them to focus on core operations rather than compliance with complex reporting requirements. * Increased flexibility for financial institutions in managing their customer relationships and risk management processes. * Potential delays or challenges in implementing the regulations, which may affect the ability of law enforcement agencies to track and prevent illicit activities.

Overall, HR 736 aims to strike a balance between regulatory oversight and the need to alleviate unnecessary burdens on small businesses. By extending the deadline for filing beneficial ownership information reports, the bill provides relief to affected companies while still maintaining the integrity of anti-money laundering regulations.

Generated using Llama 3.1 70B (neutral personality)

**HR 736: A Bill Born of Lobbying and Special Interests**

The "Protect Small Businesses from Excessive Paperwork Act of 2025" (HR 736) is a bill that claims to alleviate the regulatory burden on small businesses, but in reality, it's a thinly veiled attempt to delay compliance with beneficial ownership reporting requirements. This legislation has all the hallmarks of a special interest-driven bill, with key provisions and changes that benefit large corporations and wealthy donors.

**Main Purpose & Objectives:** The bill's primary objective is to modify the deadline for filing beneficial ownership information reports for companies formed or registered before January 1, 2024. This change would give these companies an additional two years to comply with the reporting requirements, effectively delaying transparency and accountability measures aimed at combating money laundering and illicit finance.

**Key Provisions & Changes to Existing Law:** The bill amends Section 5336(b)(1)(B) of title 31, United States Code, by striking the original deadline and inserting a new one. This change would apply to companies that were formed or registered before January 1, 2024, allowing them to delay compliance until January 1, 2026.

**Affected Parties & Stakeholders:** The bill's provisions primarily benefit large corporations, wealthy donors, and special interest groups that have lobbied extensively on this issue. These stakeholders include:

* The U.S. Chamber of Commerce, which has been a vocal opponent of beneficial ownership reporting requirements. * The National Association of Manufacturers (NAM), which has also lobbied against these regulations. * Large corporations with complex ownership structures, such as those in the finance and real estate sectors.

**Potential Impact & Implications:** The bill's passage would have significant implications for transparency and accountability in corporate America. By delaying compliance with beneficial ownership reporting requirements, the bill would:

* Undermine efforts to combat money laundering and illicit finance. * Allow large corporations to maintain opaque ownership structures, making it difficult to track their activities and hold them accountable. * Provide a temporary reprieve for companies that have failed to comply with existing regulations.

The bill's sponsors and cosponsors have received significant donations from the U.S. Chamber of Commerce, NAM, and other special interest groups. This legislation is a prime example of how monied interests can shape policy in Washington, often at the expense of transparency and accountability.

Generated using Llama 3.1 70B (whistleblower personality)

💰 Campaign Finance Network

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

Congress 119 • 2024 Election Cycle

Total Contributions

$142,100

21 donors

PACs

Organizations

$10,100

Committees

Individuals

$132,000

No PAC contributions found

SAC & FOX TRIBE OF THE MISSISSIPPI IN IOWA

2 transactions

$3,500

OTOE MISSOURIA TRIBE OF OKLAHOMA

1 transaction

$3,300

TURTLE MOUNTAIN BAND OF CHIPPEWA OF ND

1 transaction

$3,300

No committee contributions found

SMITH, JOHN M.

2 transactions

$13,200

SILVERMAN, JEFFREY

2 transactions

$13,200

EMMET, RICHARD

1 transaction

$6,600

WEEKLEY, RICHARD W.

1 transaction

$6,600

STERN, ELIZABETH

1 transaction

$6,600

RASMUSSEN, CYNTHIA

1 transaction

$6,600

RASMUSSEN, STEPHEN

1 transaction

$6,600

BELTRAME, MARC

1 transaction

$6,600

BRUCH, TYLER

1 transaction

$6,600

DANIELS, RONALD L.

1 transaction

$6,600

MYERS, JAMES M.

1 transaction

$6,600

SCHWARZMAN, CHRISTINE

1 transaction

$6,600

GILLIAM, RICHARD

1 transaction

$6,600

SINGER, PAUL

1 transaction

$6,600

BRADLEY, JACQUELINE

1 transaction

$6,600

RICKETTS, J. JOE

1 transaction

$6,600

UNDERWOOD, RUSS

1 transaction

$6,600

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

HO-CHUNK NATION

OrganizationBLACK RIVER FALLS, WI

$3,300

Oct 21, 2024

LEECH LAKE BAND OF OJIBWE

OrganizationCASS LAKE, MN

$3,300

Nov 4, 2024

MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS

OrganizationSHELBYVILLE, MI

$3,300

Oct 23, 2024

PASCUA YAQUI TRIBE

OrganizationTUCSON, AZ

$3,300

Nov 1, 2024

PRAIRIE ISLAND TRIBAL COUNCIL

OrganizationWELCH, MN

$3,300

Oct 23, 2024

REDDING RANCHERIA

OrganizationREDDING, CA

$3,300

Nov 5, 2024

THE UTE INDIAN TRIBE

OrganizationFORT DUCHESNE, UT

$3,300

Nov 15, 2024

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 29, 2023

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$3,300

Dec 29, 2023

HO CHUNK NATION

OrganizationBLACK RIVER FALLS, WI

$3,300

Dec 8, 2023

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

ID: E000294

Top Contributors

AGUA CALIENTE BAND OF CAHUILLA INDIANS

OrganizationPALM SPRINGS, CA

$10,000

Jun 4, 2024

AGUA CALIENTE BAND OF CAHUILLA INDIANS

OrganizationPALM SPRINGS, CA

$6,700

Nov 6, 2023

AK-CHIN INDIAN COMMUNITY

OrganizationMARICOPA, AZ

$5,000

Dec 31, 2023

PRAIRIE ISLAND TRIBAL COUNCIL

OrganizationWELCH, MN

$5,000

Dec 27, 2023

FOREST COUNTY POTAWATOMI COMMUNITY

OrganizationCRANDON, WI

$5,000

Jul 25, 2023

AK-CHIN INDIAN COMMUNITY

OrganizationMARICOPA, AZ

$5,000

Sep 10, 2024

MIAMI TRIBE OF OKLAHOMA

OrganizationMIAMI, OK

$3,300

Mar 26, 2024

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Jun 10, 2024

POARCH BAND OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Jul 31, 2023

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$2,300

Feb 27, 2024

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

ID: D000230

Top Contributors

FEDERATED INDIANS OF GRATON RANCHERIA

OrganizationROHNERT PARK, CA

$3,300

Mar 5, 2024

TUNICA-BILOXI TRIBE OF LA

OrganizationMARKSVILLE, LA

$2,000

Dec 31, 2023

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,650

Jun 6, 2023

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,650

May 13, 2024

BARONA BAND OF MISSION INDIANS

OrganizationLAKESIDE, CA

$1,500

May 31, 2023

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$1,000

Dec 28, 2023

FISHER, DEBORAH

NOT EMPLOYED • NOT EMPLOYED

IndividualCOEUR D ALENE, ID

$4,000

Jul 29, 2024

BLOOM, BRADLEY

BERKSHIRE PARTNERS LLC • INVESTMENTS

IndividualWELLESLEY, MA

$3,300

Oct 31, 2024

BRAUFMAN, JILL

NOT EMPLOYED • RETIRED

IndividualSURFSIDE, FL

$3,300

Oct 18, 2024

CLAPP, STEPHEN

SELF EMPLOYED • RANCHER

IndividualSEQUIM, WA

$3,300

Oct 30, 2024

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

ID: H001058

Top Contributors

POKAGON BAND OF POTAWATOMI INDIANS

OrganizationDOWAGIAC, MI

$3,300

Dec 11, 2023

THALOP LLC

OrganizationINDIANAPOLIS, IN

$1,000

Aug 29, 2024

BARREL DOG, LLC

OrganizationHOLLAND, MI

$1,000

Sep 1, 2024

NOAH HOMES LLC

OrganizationINDIANAPOLIS, IN

$1,000

Sep 30, 2024

THALOP LLC

OrganizationINDIANAPOLIS, IN

$1,000

Sep 30, 2024

B&B DAIRY

OrganizationPLAINVIEW, TX

$500

Jul 28, 2024

B&B DAIRY

OrganizationPLAINVIEW, TX

$500

Sep 5, 2024

STRAIGHT LINE RED ANGUS

OrganizationBANGOR, MI

$250

Jul 23, 2024

VAN ANDEL, AMY

THE STEVE AND AMY VAN ANDEL FOUNDATION • EXECUTIVE DIRECTOR

IndividualADA, MI

$75,000

Mar 29, 2024

VAN ANDEL, STEPHEN

AMWAY • CHAIRMAN

IndividualADA, MI

$75,000

Mar 29, 2024

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

ID: S000168

Top Contributors

POARCH BANK OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

May 26, 2023

POARCH BANK OF CREEK INDIANS

OrganizationATMORE, AL

$3,300

Jun 7, 2024

MICCOSUKEE TRIBE

OrganizationMIAMI, FL

$1,000

Dec 19, 2023

DIAZ-OLIVER, REMEDIOS MRS.

RETIRED • RETIRED

IndividualMIAMI, FL

$6,600

Dec 29, 2023

FALIC, JANA

HOMEMAKER • HOMEMAKER

IndividualBAL HARBOUR, FL

$6,600

Dec 31, 2023

MENDOZA GOMEZ, ROSSY A.

ROSE CAFE • OWNER

IndividualCORAL GABLES, FL

$6,600

Dec 29, 2023

SILVERMAN, JEFFREY

RETIRED • RETIRED

IndividualSURFSIDE, FL

$6,600

Oct 17, 2023

WEEKLEY, RICHARD

SELF-EMPLOYED • REAL ESTATE DEVELOPER

IndividualHOUSTON, TX

$6,600

Nov 7, 2023

BARQUET, ROY

FOLEY & LARDNER LLP • ATTORNEY

IndividualMIAMI, FL

$6,600

Dec 6, 2023

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

BLEIBERG, PAUL E

NATIONAL MILK PRODUCERS FED. • VP GOVERNMENT RELATIONS

IndividualWASHINGTON, DC

$3,000

Mar 26, 2023

TORREY, MICHAEL K

TORREY ADVISORY GROUP • GOVERNMENT AFFAIRS

IndividualARLINGTON, VA

$2,000

Mar 8, 2023

BECK, DANIELLE

IndividualWASHINGTON, DC

$1,000

Jun 6, 2023

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

CHOCTAW NATION OF OKLAHOMA

OrganizationDURANT, OK

$3,300

Aug 29, 2024

THE CHICKASAW NATION

OrganizationADA, OK

$3,300

Aug 29, 2024

ALABAMA- COUSHATTA TRIBE

OrganizationLIVINGSTON, TX

$1,000

Oct 16, 2024

ADKINS, JAMES

RETIRED • RETIRED

IndividualHUNTINGTON, WV

$6,600

Oct 24, 2024

MOUSSEAU, RAYMOND

RETIRED • RETIRED

IndividualCROSWELL, MI

$6,600

Jun 2, 2024

DILAMANI, EDWARD

AGC • BUSINESSMAN

IndividualGREAT NECK, NY

$6,600

Jul 8, 2024

EMIG, SUELLEN

RETIRED • RETIRED

IndividualFREEDOM, PA

$6,600

Sep 29, 2024

STEWART, FORREST

RETIRED • RETIRED

IndividualDESOTO, IL

$6,534

Feb 13, 2024

SPECHT, VIVIAN

RETIRED • RETIRED

IndividualLYMAN, NE

$5,940

Aug 7, 2024

CERDA, JULIO

S TEXAS INFRASTRUCTURE GROUP • PARTNER

IndividualMISSION, TX

$5,000

Oct 25, 2024

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

ID: B001282

Top Contributors

TED J. BALESTRERI ENTERPRISES

OrganizationMONTEREY, CA

$1,000

Dec 6, 2023

QUEENSLAKE

OrganizationGEORGETOWN, KY

$300

Feb 12, 2024

VESTER, NANCY

NONE • RETIRED

IndividualCENTERVILLE, MA

$6,600

Sep 15, 2024

KOLLAR, CLINT WILLIAM

SIXTH STREET PARTNERS • INVESTOR

IndividualSAN FRANCISCO, CA

$6,600

Mar 22, 2023

FIELD, CHESTER JACK

NONE • RETIRED

IndividualSUMMERTON, SC

$6,600

Jun 4, 2024

FISHER, KENNETH

FISHER INVESTMENTS • EXECUTIVE CHAIRMAN

IndividualPLANO, TX

$6,600

May 21, 2024

FISHER, SHERRILYN

PLANO 6500 LLC • MEMBER

IndividualPLANO, TX

$6,600

May 21, 2024

BROWN, CHRIS

MINDSET • PARTNER

IndividualCHEVY CHASE, MD

$5,600

Mar 7, 2023

DARWISH, SAM

SINGULARITY INVESTMENTS LLC • CEO

IndividualMCKINNEY, TX

$5,000

Oct 28, 2024

CORRELL, JESS T.

FIRST SOUTHERN BANK • BANKER

IndividualSTANFORD, KY

$5,000

May 7, 2024

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

ID: F000470

Top Contributors

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$2,500

Dec 18, 2023

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,650

Nov 3, 2023

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,650

Jun 17, 2024

SHAKOPEE MDEWAKANTON SIOUX COMMUNITY

OrganizationPRIOR LAKE, MN

$1,650

Jun 17, 2024

SANTA YNEZ BAND OF MISSION INDIANS

OrganizationSANTA YNEZ, CA

$1,500

Mar 19, 2024

MS BAND OF CHOCTAW INDIANS

OrganizationCHOCTAW, MS

$1,000

Nov 5, 2024

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$1,000

Mar 27, 2023

SALT RIVER PIMA MARICOPA INDIAN COMMUNITY

OrganizationSCOTTSDALE, AZ

$1,000

Mar 31, 2023

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$1,000

Feb 27, 2024

SANTA YNEZ BAND OF MISSION INDIANS

OrganizationSANTA YNEZ, CA

$1,000

Jun 28, 2023

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

ID: S001213

Top Contributors

FOREST COUNTY POTAWATOMI COMMUNITY

OrganizationCRANDON, WI

$3,300

Apr 25, 2024

FOREST COUNTY POTAWATOMI COMMUNITY

OrganizationCRANDON, WI

$3,300

Mar 22, 2023

OTOE MISSOURIA TRIBE OF OKLAHOMA

OrganizationRED ROCK, OK

$3,300

Sep 30, 2024

HO CHUNK NATION

OrganizationBLACK RIVER FALLS, WI

$3,300

Oct 30, 2024

HO CHUNK NATION

OrganizationBLACK RIVER FALLS, WI

$2,900

Mar 13, 2023

CHEROKEE NATION

OrganizationTAHLEQUAH, OK

$2,500

Dec 23, 2023

ONEIDA NATION

OrganizationONEIDA, WI

$2,000

Jun 30, 2023

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$1,500

Jun 30, 2023

MORONGO BAND OF MISSION INDIANS

OrganizationBANNING, CA

$1,500

Jun 30, 2024

ONEIDA NATION

OrganizationONEIDA, WI

$1,300

Jun 30, 2024

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

Show Also Donated To

PACs

Organizations

Individuals

Politicians

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

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.

+Private Equity & Hedge Fundsconfidence 0.80
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

Private Equity & Hedge Funds$35,600
from 11 contributions
- SINGER, PAUL$9,900
- ROWAN, MARC$6,600
- KLEINMAN, SCOTT MARTIN$6,400
- ZELTER, JAMES$6,400
- RUBERTON, ROBERT$2,800
Commercial Banks$6,523
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

Small Business Administration

Strong

Vector: 65%

Pages: 795-797AI Enhanced

AI Analysis:

"HR 736 reduces regulatory paperwork for small businesses by extending the beneficial ownership reporting deadline, directly supporting the Project 2025 SBA goal of streamlining regulations and lessening compliance burdens on small enterprises."

Key themes:small business reliefregulatory burden reductionSBA regulatory reformcompliance flexibilitybeneficial ownership reporting

— 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. — 764 — Mandate for Leadership: The Conservative Promise 59. Peter L. Singer, “Federally Supported Innovations: 22 Examples of Major Technology Advances that Stem from Federal Support,” Information Technology and Innovation Foundation, February 2014, 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). 60. Wells King, “Uncle Sam’s Top-Performing Venture Fund,” American Compass Case Study, November 2022, https://americancompass.org/wp-content/uploads/2022/11/AC-Case-Study_SBIR_final2.pdf (accessed February 18, 2023). 61. Elisabeth B. Reynolds, Hiram M. Samel, and Joyce Lawrence, “Learning by Building: Complementary Assets and the Migration of Capabilities in U.S. Innovative Firms,” MIT Industrial Performance Center Working Paper No. MIT-IPC-13-001, March 2013, https://ipc.mit.edu/sites/default/files/2019-01/13-001.pdf (accessed February 18, 2023). 62. American Compass, “Where’s The Growth? Assessing the Results of the Globalization Experiment,” March 2022, pp. 3–5, https://americancompass.org/wp-content/uploads/2022/10/AC-Atlas-Wheres-the-Growth.pdf (accessed February 18, 2023). 63. Sridhar Kota and Tom Mahoney, “Innovation Should Be Made in the U.S.A.,” The Wall Street Journal, November 15, 2019, https://www.wsj.com/articles/innovation-should-be-made-in-the-u-s-a-11573833987 (accessed February 18, 2023). 64. S. ___, SBA Reauthorization and Improvement Act of 2019, 116th Congress, 1st Session, Title III, § 303, https://www.rubio.senate.gov/public/_cache/files/80533629-2905-433f-a588-7c4e032f7347/ C096ED9C1EBA68E041CFDA143E01C66C.mir19891.pdf (accessed February 18, 2023). 65. David Adler, “Financing Advanced Manufacturing: Why VCs Aren’t the Answer,” American Affairs, Vol. III, No. 2 (Summer 2019), https://americanaffairsjournal.org/2019/05/financing-advanced-manufacturing-why-vcs- arent-the-answer/ (accessed February 18, 2023). 66. National Association of Manufacturers, “Overview of the Senate HEALS Act,” July 28, 2020, https://documents. nam.org/comm/HEALSActInfo.pdf (accessed February 19, 2023). See also remarks by Senator Mitch McConnell, “HEALS Act,” Congressional Record, Vol. 166, No. 132 (July 27, 2020), pp. S4491–S4492, https:// www.congress.gov/116/crec/2020/07/27/CREC-2020-07-27-pt1-PgS4491-7.pdf (accessed February 20, 2023). 67. S. 1059, American Innovation and Manufacturing Act, 117th Congress, introduced March 25, 2021, https:// www.crfb.org/blogs/whats-11-trillion-heals-act https://www.congress.gov/117/bills/s1059/BILLS-117s1059is.pdf (accessed February 18, 2023). 68. H.R. 7628, IMPROVE (Improve Management, Programs, Resources, and Oversight for Vital Entrepreneurs) the SBA Act, 117th Congress, introduced April 28, 2022, https://www.congress.gov/117/bills/hr7628/BILLS- 117hr7628ih.pdf (accessed February 19, 2023). 69. S. 1120, Small Business Regulatory Flexibility Improvements Act, 116th Congress, introduced April 10, 2019, https://www.congress.gov/116/bills/s1120/BILLS-116s1120is.pdf (accessed February 19, 2023). 70. H.R. 3136, Contract with America Advancement Act of 1996, Public Law No. 104-121, 104th Congress, March 29, 1996, Title II, https://www.congress.gov/104/plaws/publ121/PLAW-104publ121.pdf (accessed February 19, 2023). 71. S. 403, Fair and Open Competition Act, 117th Congress, introduced February 24, 2021, https://www. congress.gov/117/bills/s403/BILLS-117s403is.pdf (accessed February 19, 2023), and H.R. 1284, Fair and Open Competition Act, 117th Congress, introduced February 24, 2021, https://www.congress.gov/117/bills/hr1284/ BILLS-117hr1284ih.pdf (accessed February 19, 2023. 72. President Joseph R. Biden Jr., Executive Order 14063, “Use of Project Labor Agreements for Federal Construction Projects,” February 4, 2022, in Federal Register, Vol. 87, No. 27 (February 9, 2022), pp. 7363–7366, https://www.govinfo.gov/content/pkg/FR-2022-02-09/pdf/2022-02869.pdf (accessed February 19, 2023). 73. “The JOBS Act 4.0: Section-by-Section,” Committee on Banking, Housing, and Urban Affairs, U.S. Senate, https://www.banking.senate.gov/imo/media/doc/the_jobs_act_4.0sectionbysection.pdf (accessed February 19, 2023). 74. Press release, “Luetkeymeyer: SBA Lacks Infrastructure and Expertise to Expand Number of Small Business Lending Companies,” Committee on Small Business, U.S. House of Representatives, November 7, 2022, https:// smallbusiness.house.gov/news/documentsingle.aspx?DocumentID=404376 (accessed February 18, 2023).

Small Business Administration

Moderate

Vector: 67%

Pages: 792-794AI Enhanced

AI Analysis:

"HR 736 reduces regulatory burden on small businesses by extending a reporting deadline, which aligns with Project 2025's goal of streamlining SBA programs and reducing inefficiencies, though it does not directly address SBA restructuring or budget reallocation."

Key themes:small business reliefregulatory burden reductionSBA program efficiency

— 759 — Small Business Administration ineffective programs, consolidate duplicative functions, and reallocate resources to more effective programs (such as the Office of Advocacy) or consider reducing the SBA budget. Personnel Challenges The SBA continues to expand programs and initiatives without first document- ing the effectiveness of existing programs or whether they involve areas in which the agency lacks staff expertise. For example, the SBA wants to expand the number of licensed Small Business Lending Companies (SBLCs), implement a new “Mis- sion-Based SBLC,” and remove a requirement for loan authorization within the 7(a) and 504 Loan programs and rely solely on a lender’s documents. Various IG reports have noted that the lack of skilled employees within the SBA has fueled fraud and mismanagement in COVID-19 lending programs, and congressional leaders have expressed alarm about these “changes that haphazardly overextend the SBA’s responsibilities at a time when they are devastated by fraud and underperforming on their core mission of serving the nation’s 33 million small businesses.”74 A conservative Administration should rein in these idealistic and impractical efforts, get current programs under control and properly staffed with people who can manage and perform competently, and outsource efforts where private-sector expertise is appropriate and more efficient. AUTHOR’S NOTE: The preparation of this chapter was a collective enterprise of individuals involved in the 2025 Presidential Transition Project. All contributors to this chapter are listed at the front of this volume, but David Burton and Caleb Orr deserve special mention. The author alone assumes responsibility for the content of this chapter, and no views expressed herein should be attributed to any other individual. — 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).

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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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