20 Mar 2025
📉Executive Order on Reducing Federal Bureaucracy and Business Impact
Continuing the Reduction of the Federal Bureaucracy
Summary
Executive Order 14238 aims to further streamline federal bureaucracy by eliminating non-statutory components of certain governmental entities. The order requires compliance reports from these entities and outlines budget restrictions, highlighting the government's intent to minimize unnecessary federal functions while maintaining statutory obligations.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
This order mandates the reduction of federal bureaucracy which can impact compliance and regulatory requirements for businesses. As entities like the Minority Business Development Agency may face reduced funding and support, business owners in affected sectors will need to navigate these changes.