Key Trump agency unleashes strike force to slash Biden-era regulations crushing working families

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.

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.

"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.

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.