Rep. Roger Williams on HR 2965: Reducing Regulations to Help Small Businesses

The Problem of Overregulation

• ⚠️ Overregulation has been a persistent issue under Democratic administrations, with the Biden-Harris administration alone imposing an estimated $1.8 trillion in regulatory costs over four years.
• 🗣️ Small business owners consistently report that excessive regulation stifles operations and negatively impacts their bottom line.

Deregulation Under the Trump Administration

• 🚀 The Trump administration took aggressive action to provide relief to small businesses through a deregulatory agenda.
• 💰 In the first six months of Trump's second term, Republicans achieved $86 billion in reduced regulatory costs and over 50 million hours of reduced paperwork.

HR 2965: The Small Business Regulatory Reduction Act

• 🎯 This bill aims to advance President Trump's executive order on deregulation by requiring the SBA to operate under a regulatory budget of zero.
• ⚖️ For every new regulation imposed, a costly or outdated regulation must be repealed.
• 📊 The bill mandates that the SBA provide annual reports on the true cost of government regulations to small businesses.

Transparency and Impact

• 🔍 The transparency measures in HR 2965 are crucial for exposing harmful actions by bureaucrats and highlighting the damage done to small and family-owned businesses.
• ✅ Implementing a zero regulatory budget and increasing transparency will bring accountability to federal government actions.
• 📣 Rep. Williams urges colleagues to vote yes on HR 2965 to support small businesses and the American dream.