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Committee hears small-business warnings on rising regulatory costs, tariffs and uncertainty
Summary
Chairman Williams opened a House Small Business Committee hearing saying federal rules have imposed large costs on Main Street, a contention witnesses and members debated as the panel weighed the effects of regulation, trade uncertainty and agency changes on small firms.
Chairman Williams convened the House Committee on Small Business hearing to examine regulatory burdens and economic uncertainty facing small firms, with witnesses and members trading sharply different views on whether deregulation or stable, predictable regulation is the better path.
The hearing opened with remarks by Chairman Williams noting the administration’s regulatory impact: “the Biden administration has cost American businesses more than $1,800,000,000,000 in additional regulatory costs over just the last 4 years,” language repeated by several committee Republicans during questioning. Ranking Member Velázquez and other Democrats countered that regulations provide safety and fairness and that wholesale deregulation risks public harm.
Why it matters: Witnesses said new and…
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