- The Small Business Administration (SBA) has announced a new initiative focused on reducing federal regulations, particularly those from the Biden administration.
- The initiative is aimed at addressing the significant compliance costs that these regulations have imposed on American families and small businesses.
- It specifically targets rules that have collectively cost approximately $6 trillion to comply with.
- By lowering regulatory burdens, the SBA intends to stimulate economic growth for small businesses nationwide.
- This move is part of a broader effort to create a more favorable business environment for entrepreneurs and small firms across the United States.
Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)
