Derek Schmidt on HR 2965: Reducing Regulatory Burden on Small Businesses

The Growing Problem of Regulatory Burden

• 📈 The number of pages in the Federal Register has quadrupled since 1968, indicating a massive increase in rules and regulations.
• 💰 This surge in regulations, written by unelected bureaucrats, acts as a silent tax increase on Americans and small businesses.

The Cost of Regulatory Compliance

• 📊 The estimated cost of regulatory compliance for U.S. businesses is approximately $3 trillion per year.
• ⚠️ A significant portion, about $1.8 trillion, was added in just four years under the prior administration.

Regulation vs. Taxation

• ⚖️ A tax directs money to federal priorities, while a regulation forces businesses to spend their money on bureaucrat-defined priorities.
• 🎯 This diverts funds from essential business activities like hiring, expansion, and community support.

HR 2965: The Small Business Regulatory Reduction Act

• ✅ Representative Derek Schmidt strongly supports HR 2965, the Small Business Regulatory Reduction Act of 2025.
• ⛰️ This bill is presented as a crucial step in tackling the overwhelming mountain of federal regulations.
• 🚀 The goal is to make small businesses freer to operate and to make life more affordable for the people represented by these businesses.