SBA Administrator Kelly Loeffler will oversee the new initiative aimed at cutting regulations in order to relieve prices. (Kent Nishimura/Bloomberg via Getty Images)
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.
President Donald Trump speaks on inflation at Mount Airy Casino Resort in Mount Pocono, Pennsylvania, U.S., on Tuesday, Dec. 9, 2025. (Adam Gray/Bloomberg/Getty Images)
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The SBA said it has already played a key role in eliminating an estimated $98.9 billion in federal regulations since Trump's return to office.
Some of these actions include changes to reporting rules, energy-efficiency standards and diesel exhaust fluid requirements, which the agency says have contributed to nearly $200 billion in total regulatory savings.
Amanda covers the intersection of business and geopolitics for Fox News Digital.
https://www.foxnews.com/politics/small-business-administration-unveils-new-initiative-roll-back-federal-regulations