Key Highlights
- FIRST ON FOX: Seeking to tackle persistent cost pressures on American families and small firms, the Small Business Administration (SBA) is unveiling a new initiative that will review and roll back federal rules the administration says have driven up prices in sectors ranging from housing to food production.
- The Deregulation Strike Force, led by the SBA’s Office of Advocacy, will coordinate a government-wide review aimed at identifying regulations that hinder economic growth. FROM MORTGAGES TO CAR LOANS: AFFORDABILITY RISES AND FALLS WITH THE FED SBA Administrator Kelly Loeffler will oversee the new initiative aimed at cutting regulations in order to relieve prices.
- (Kent Nishimura/Bloomberg via ) Trump administration officials say the effort is intended to eliminate what they describe as excessive Biden-era regulations that have imposed an estimated $6 trillion in cumulative compliance costs on American families and small businesses.
- "Bidenomics brought historic new highs in inflation that crushed working families and small businesses, driven in part by the massive bureaucracy that heaped trillions in new federal regulations onto the backs of hardworking Americans," SBA Administrator Kelly Loeffler wrote in a statement.
- TRUMP INSISTS PRICES ARE ‘COMING DOWN,’ BLAMES BIDEN — BUT VOTERS SAY THEY’RE STILL GETTING SQUEEZED"Through our Deregulation Strike Force, SBA is leveraging its unique authority to deregulate across the federal government and cut senseless red tape that drove up costs for small businesses and consumers, especially in industries hit hardest by Bidenflation," Loeffler said, adding that the initiative will build on President Trump’s push to reduce costs across the country.
