Small Business Economic Impact Analysis Act of 2005
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Small Business Economic Impact Analysis Act of 2005 - Prohibits an agency from making a qualified termination or restructuring (a termination of the use of a facility or restructuring that will result in the net loss of at least 1,000 jobs in a state) unless it conducts a detailed analysis of the impact on small businesses and small governmental jurisdictions of the proposed termination or restructuring. Requires: (1) a related cost-benefit analysis; and (2) the agency to publish a draft of the analysis at least 180 days before undertaking the termination or restructuring.
Directs the: (1) agency to publish a final economic analysis; and (2) Comptroller General to review such final analysis. Prohibits an agency from taking final action on a termination or restructuring until its analysis receives a satisfactory review from the Comptroller General.
Authorizes judicial review for any small business or small governmental jurisdiction adversely affected or aggrieved by a qualifying termination or restructuring.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1519: Small Business Economic Impact Analysis Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-1519/
"S. 1519: Small Business Economic Impact Analysis Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-1519/.
S. 1519, 109th Cong. (2026), https://openamerica.io/bill/109-S-1519/.
[S. 1519: Small Business Economic Impact Analysis Act of 2005](https://openamerica.io/bill/109-S-1519/)