New Small Business Administration initiative aims to reduce federal regulations and boost growth.

• The Small Business Administration (SBA) has launched a new initiative focused on reducing federal regulations.
• This effort targets regulations introduced during the Biden administration that have resulted in high compliance costs.
• Compliance costs associated with these regulations are estimated to have reached $6 trillion, affecting American families and small businesses across the country.
• The goal of the initiative is to alleviate the regulatory burden on small firms, thereby fostering business growth and economic expansion.
• The initiative reflects the SBA’s commitment to creating a more favorable environment for small businesses to thrive amid regulatory challenges.

Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)