The House Small Business Subcommittee on Investigations, Oversight and Regulations is one of five subcommittees of the House Small Business Committee. The subcommittee was formed for the 107th Congress, when the Subcommittee on Government Programs and Oversight and the Subcommittee on Regulatory Reform and Paperwork Reduction were merged to create the Subcommittee on Regulatory Reform and Oversight. The first chair of that subcommittee was Mike Pence. During the 110th and 111th Congresses, it was renamed the Subcommittee on Investigations and Oversight. Since the 113th Congress, it has been called the Subcommittee on Investigations, Oversight, and Regulations.
From the subcommittee website:
This Subcommittee will review the regulatory burdens imposed on small businesses by federal agencies and how those burdens may be alleviated. This Subcommittee will also probe the efficient operation of government programs that affect small businesses, including the SBA, and develop proposals to make them operate in a more efficient manner.