Let's just talk at first with Chairman Nee about the proposed budget, which is nearly $80 million lower than the enacted budget of fiscal year 2026. The proposal realizes much of the savings that Congress envisioned when we put together The Advance Act directed the agency to be more efficient in its licensing and oversight program. and in doing so, lowering those regulatory costs paid by industry. Will you please, Chairman Nee, briefly summarize and quantify key cost savings that are included in this budget that would have been as a result of the Advance Act? (00:16–00:31)
CLAIM
Asserts that the Advance Act mandates efficiency improvements in the agency's programs.
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