President Barack Obama announced a new plan designed to make it easier to do business with the federal government. There are currently six major federal departments or agencies that focus on business or trade: the U.S. Department of Commerce’s core business and trade functions, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the U.S. Trade and Development Agency.
The President is asking Congress for the authority to merge those six entities into a single department tasked with boosting American business and promoting competitiveness.
The way the system is currently organized, every entrepreneur who needs to do business with the government has to navigate a maze of overlapping regulations and competing bureaucracy.
This move hopes to change that and also consolidate the redundancies that currently exist, to cut waste, and eliminate duplication.
What do you think?