- The Small Business Administration (SBA) has announced a new plan aimed at simplifying federal regulations.
- This initiative targets regulatory measures implemented during the Biden administration.
- The current regulations are reported to have imposed a total of $6 trillion in compliance costs.
- The costs associated with these regulations have affected both American families and small businesses nationwide.
- The purpose of this plan is to alleviate the financial burden posed by existing compliance requirements.
- The SBA’s initiative is part of an ongoing effort to support the growth and sustainability of small enterprises.
Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)
