SBA Launches Deregulation Strike Force to Reduce Costs Burdening Families and Small Businesses
The Small Business Administration (SBA) has launched a Deregulation Strike Force led by the Office of Advocacy. This initiative is designed to review and roll back federal regulations that are hindering economic growth and raising costs for American families and small businesses.
The Strike Force will focus on cutting regulations across key small-business sectors such as housing and construction, healthcare, agriculture and food production, energy and utilities, transportation, and related goods and services. The SBA highlights that Biden-era regulations have imposed approximately $6 trillion in cumulative compliance costs on families and small businesses, emphasizing deregulation as a solution to curb inflation and high prices.
Overseen by SBA Administrator Kelly Loeffler, the initiative aligns with former President Trump's agenda of reducing regulatory costs to stimulate the economy. Since Trump's return to office, the SBA states it has already helped eliminate about $98.9 billion in federal regulations. Efforts such as changing reporting rules, adjusting energy-efficiency standards, and modifying diesel exhaust fluid requirements have contributed to nearly $200 billion in total regulatory savings.
This move underscores the administration's economic messaging that deregulation is a central strategy to mitigate inflation and alleviate the financial pressure on working families and small businesses.
