BREAK IN TRANSCRIPT
Mr. ALFORD. Mr. Speaker, I thank our chair for his leadership and the ranking member for her leadership, as well.
Mr. Speaker, I rise today in strong support of H.R. 2965, the Small Business Regulatory Reduction Act of 2025.
For 4 long years under the previous administration, America's small businesses, the backbone of our economy and the heart of Missouri's Fourth Congressional District, have been smothered by an onslaught of overreaching Federal regulations that have made goods less affordable in the United States of America.
Under the Biden-Harris administration, small businesses were hit with an unprecedented $1.8 trillion--not billion--$1.8 trillion in new regulatory costs while inflation soared over 20 percent.
Where do you think that cost goes, Mr. Speaker? It goes to the consumer. Main Street cannot thrive under that kind of bureaucratic chokehold. Americans are demanding affordability, and this is a good step in that direction.
This bill, championed by my colleague Congresswoman Beth Van Duyne, finally puts a stop to it. H.R. 2965 requires the Small Business Administration to report on the regulatory costs imposed by other Federal agencies on small businesses.
It is transparency. It is all about transparency. It is going to show the American people exactly where the Democrat blue tape is strangling growth in America.
This legislation supports President Trump's regulatory rightsizing agenda and gives our job creators the relief they desperately need to start, to grow, and to succeed once again.
Mr. Speaker, do you want to make things more affordable in America? Do you want to cut down on overregulation? This is the bill to do it. Let's all stand with America and our small businesses and our entrepreneurs, our family-owned businesses, and support H.R. 2965.
BREAK IN TRANSCRIPT