- The Small Business Administration (SBA) has launched a new initiative aimed at cutting down federal regulations.
- The focus of this initiative is on regulations introduced during the Biden administration.
- These regulations are reported to have added $6 trillion in compliance costs impacting American families and small businesses across the nation.
- The initiative’s goal is to alleviate the financial and operational burden on small businesses by simplifying and reducing these regulations.
- This effort reflects the SBA’s commitment to fostering a more conducive environment for small business growth and sustainability.
Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)
