Small Business Majority submitted a letter to the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency regarding the proposed changes to the Community Reinvestment Act. We are pleased with the revisions made to the rule based on feedback from our organization and other stakeholders.
Today, John Arensmeyer submitted a letter to Chairwoman Waters (D-CA-29) and Ranking Member McHenry (R-NC-10) of the U.S. House Committee on Financial Services urging passage of HR 6814. The Small Business Fair Debt Collection Act extends protections under the Fair Debt Collection Practices Act (FDCPA) to small businesses with loans or obligations that are less than $2.5 million to ensure debt collectors have guardrails on what they can do to collect these debts.
Today, John Arensmeyer testified before the U.S. Senate Committee on Small Business & Entrepreneurship at a hearing, "The Small Business Workforce Challenge: Causes, Impacts, and Solutions." More than two years into the pandemic, small businesses are slowly rebuilding but need a vibrant stable workforce to fully recover. Entrepreneurs, especially those in under-resourced communities, need an array of support to address labor shortages and ensure employees are able to come back to the workforce. Mr.
Today, John Arensmeyer submitted comments on the notice of proposed rulemaking issued by the Internal Revenue Service, titled “Affordability of Employer Coverage for Family Members of Employees” (REG-114339-21). The proposed rule would amend the existing regulations regarding eligibility for the premium tax credit to provide that affordability of employer-sponsored minimum essential coverage (employer coverage) for family members of an employee is determined based on the employee's share of the cost of covering the employee and those family members, not the cost of cover
Today, Small Business Majority submitted a letter of support for HB 205, which would establish the Delaware Expanding Access for Retirement and Necessary Saving (“EARNS”) program. The program would allow eligible employees to provide, on a voluntary basis, access to retirement savings through a state-facilitated retirement savings program in a convenient, cost effective, and portable manner.
Small Business Majority is pleased to support AB 2080, which will discourage anticompetitive behaviors in the healthcare industry. This bill will strengthen oversight over hospital mergers and consolidation by the Attorney General, a key measure to control healthcare costs and affordability for small business owners.
On April 28, Small Business Majority's Colorado Director Lindsey Vigoda submitted comments concerning the outsourcing of the benefits process for the Paid Family and Medical Leave Insurance (FAMLI) program, a move that could compromise the integrity of this essential benefit for small business owners in Colorado.
Small Business Majority writes in support of AB 2670, which would provide business assistance to small businesses hoping to make a positive social impact by providing jobs, training and support to employees who have barriers to employment.
Small Business Majority writes in support of AB 2589, which would make the California Earned Income Tax Credit (CalEITC) and the Young Child Tax Credit (YCTC) more impactful and overall improve access to the California tax system for low to moderate income small business owners and employees.
Today, Small Business Majority and more than 50 small business organizations sent a letter to Congressional leaders underscoring the importance to preserve the $10 billion allocated to the State Small Business Credit Initiative program. As representatives of small businesses around the country, our organizations know firsthand that access to capital can determine the success of any small business and that is why we rise to show our support for preserving a program that is instrumental in helping small business owners access much-needed capital.