the bridgewater reds, broadway bruins, clover hill bucks, elkton blue socks, coast guards, montezuma braves, shockers and diamondbacks. as the league's 100th season begins on may 31, i'm proud to honor the baseball league. i ask my colleagues to join me in congratulating the league for reaching this milestone and wish the league continued success for years to come. mr. speaker, as we mark national small business week, it's crucial to confront the stark reality facing america's entrepreneurs under the biden administration. the administration has imposed regulatory burdens that have escalated to an unprecedented scale with the cost of federal regulations soaring to $1.3 trillion. the small business community is now saddled with over $267 million man hours of compliance paperwork, a stark comparison to the regulatory landscape under the trump administration where regulatory costs were over 45 times lower. the economic climate continues to pose significant challenges with persistent inflation undermining any optimism for relief. despite expectations, interest rate cuts remain a distant h