Small Business Majority writes to urge the California Legislature to include funding for healthcare solutions in that will expand access to affordable coverage in the 2018-2019 State Budget. Some of the requests include: extending Medical access to all income-eligible undocumented adults and to consider enacting a California alternative to the ACA's individual mandate to maintain the robustness of the marketplaces.
Small Business Majority writes in opposition against HB 5139, Illinois' Regulatory Sandbox Act. The legislation would permit a range of financial institutions to test unlicensed financial products on consumers, including entrepreneurs. It allows financial products that would normally be subject to licensing requirements and regulations to operate freely. The bill language lacks strong disclosure requirements or provisions promoting transparency, and this lack of clarity opens the door to predatory lending.
Small Business Majority submitted a letter of support for California's Truth in Lending Act (SB 1235) under consideration by the California Senate. This bill would require standard disclosure methods for the terms of a loan offered to a business, allowing a small business owner to make a better informed decision about loan offers.
Small Business Majority writes in support of Illinois bill SB 2388 SFA1 which would establish a maximum enrollment period for short-term health insurance of 90 days per year. It would also apply existing consumer health insurance protections to these short-term plans and require increased transparency in marketing such plans.
Chia Basinger, owner of the Sweet Action Ice Cream shop in Denver, CO, testified before the state's Senate State, Veterans, & Military Affairs committee in support of Family Medical Leave Insurance Program (HB17-1001), or FAMLI Act. The bill would provide employees in Colorado with up to 12 weeks of paid leave per year after the birth of a child, to take time off for a personal injury or to care for a seriously ill family member.
Colorado Outreach Manager Hunter Railey testified in support of legislation that would create a paid family medical leave program in Colorado. The hearing was called by the Colorado Senate State, Veterans, & Military Affairs Committee. Hunter's testimony explained how the proposed bill, the FAMLI Act, will benefit small businesses by lowering turnover, boosting productivty and enhancing employee morale.
Small Business Majority writes in support of AB 3148, which would provide additional cost sharing assistance to help those eligible for assistance to better afford their copays and deductibles, which would directly benefit many of California’s small businesses, their employees and self-employed entrepreneurs. AB 3148 would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees, by ensuring that no one is unable to use the insurance they have.
Small Business Majority has written in support of AB 2565, which would extend additional assistance to individuals who qualify for premium subsidies but still struggle to access affordable healthcare. The legislation would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees, by ensuring that no one would spend more than 8% of their income on health insurance premiums.
Small Business Majority has written in support of AB 2459, which would extend tax credits to individuals struggling to access affordable healthcare. Providing tax credits to help individuals unable to afford monthly healthcare premiums would help many of California’s small businesses, their employees and self-employed entrepreneurs.
On April 18, Small Business Majority CEO John Arensmeyer testified before the California Senate Committee on Banking and Financial Institutions in support of SB 1235, which would create regulations for new sources of alternative lending in California. The testimony explained that such regulation is widely supported by small business owners, as it would protect them from predatory lending practices.