- The Small Business Administration (SBA) has launched a new initiative aimed at simplifying federal regulations for small businesses.
- This initiative specifically targets regulations introduced during the Biden administration.
- The Biden-era regulations are reported to have imposed a significant financial burden, estimated at $6 trillion in compliance costs.
- The new initiative is designed to alleviate these compliance costs for American families and small businesses across the country.
- This move is seen as a crucial step to support small businesses by reducing bureaucratic hurdles and fostering a more business-friendly environment.
Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)
