President Barack Obama’s administration plans to release final plans today for ending or cutting back hundreds of regulations in an effort to save businesses about $10 billion, The Wall Street Journal reported.

Administration officials said many of the reforms will focus on small businesses. The changes include requiring the Small Business Administration to adopt a single electronic application for potential borrowers.

The Department of Health and Human Services will work to remove “unnecessary regulatory and reporting requirements” on hospitals and health-care providers to save potentially $4 billion over five years, Cass Sunstein, administrator of the White House Office of Information and Regulatory Affairs, wrote in an op-ed article for The Wall Street Journal.

Other changes: The Department of Transportation will work to eliminate regulations on the railroad industry that could save about $340 million. The Environmental Protection Agency will propose a rule to make it easier for hazardous-waste generators to report electronically, saving up to $126 million per year.

“We are going to implement statutes that have been enacted in the last few years, but we’re trying to do it in a way that is as careful with respect to cost and as attuned with the economic situation as possible,” Sunstein said in an interview with the Journal.