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### Federal Reserve Proposes New Regulation
The Federal Reserve has announced a proposed regulation called Basel III Endgame, with the aim of providing insulation for big banks during challenging economic times. However, the proposal is facing resistance from the Goldman Sachs 10,000 Small Businesses Voices program. Small business owners, including J.J. Meddaugh from Kalamazoo, traveled to Washington D.C. to express their concerns about the regulation and its potential impact on their businesses.

### Small Business Pushback
Meddaugh and several other small business owners are vehemently opposing the Basel III Endgame proposal, citing concerns that it could hinder their ability to expand and grow their businesses. In light of the recent challenges such as the pandemic, inflation, and supply chain disruptions, small business owners are advocating for the regulation to be halted in order to avoid further obstacles to their growth.

### Implications for Small Businesses
Meddaugh, who is visually impaired and runs A.T. Guys, a company that provides products, training, and consulting for individuals with similar conditions, expressed worries that the Basel III Endgame proposal would make it more difficult to manage his business. The regulation would require banks to increase the amount of money held in reserve to cover their loans, resulting in potentially higher interest rates for loans to small businesses, which are often considered riskier.

### Concerns for Local Businesses
The small business owners argue that the implementation of this regulation would force them and others in similar positions to scale back their operations. They emphasize the importance of local businesses in their communities and believe that additional regulations like Basel III Endgame would make it harder to meet the needs of their local customers.

### The Role of AI legalese decoder
The AI legalese decoder can assist small business owners like Meddaugh in navigating the complexities of regulatory proposals such as Basel III Endgame. By utilizing advanced natural language processing capabilities, the AI legalese decoder can interpret and translate legal jargon into plain language, enabling small business owners to fully understand the potential impact of such regulations on their operations. Additionally, the AI legalese decoder can provide insights and recommendations based on the specific regulatory requirements, helping small business owners make informed decisions and effectively advocate for their interests.

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