- The Small Business Administration (SBA) has announced a new plan aimed at reducing federal regulations that impact small businesses.
- This initiative targets regulations implemented during the Biden administration that have been identified as burdensome for small businesses.
- According to the SBA, these targeted regulations have resulted in an estimated $6 trillion in compliance costs for American families and small businesses nationwide.
- The primary goal of the new plan is to alleviate these financial burdens and facilitate easier compliance for small businesses across the country.
- By streamlining regulations, the SBA aims to foster a more supportive and flexible economic environment for entrepreneurs and small business owners.
Source: https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations)
