Small Business Majority welcomes the opportunity to comment on the advanced notice of proposed rulemaking issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), titled “Beneficial Ownership Information Reporting Requirements," regarding the implementation of the recently enacted Corporate Transparency Act of 2020 (CTA). An anti-money laundering measure, the CTA requires FinCEN to establish a secure, private database to which U.S. companies submit basic identifying information of their true, “beneficial” owners.
Founder and CEO, John Arensmeyer, submitted a letter to Senate leadership urging for the swift confirmation of President Biden's nominee for Deputy Secretary of the Department of Commerce, Don Graves.
Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Illinois, with a particular emphasis on policies that will address systemic racism and sexism that are harming businesses owned by people of color, women and immigrants. The state’s 1.2 million small businesses employ 2.4 million people (about half of the private workforce) and created more than 68,000 jobs in 2015.
Sayuri Tsuchitani is the owner and operator of Headspa EN, in Los Angeles, CA. Small Business Majority submitted Tsuchitani's testimony to the House of Reprsentatives Committee on Small Business on how to harness the power of Immigrant-Owned Businesses.
Today, Small Business Majority, Main Street Alliance, and over 1,300 small business owners submitted a letter calling on Congress to immediately provide unrestricted grant funding to America's small businesses.
Small Business Majority submitted testimony to the Senate State, Veterans, & Military Affairs Committee in suport of House Bill 21-1222, which would would classify child care homes as residences for purposes of licensure and local regulations.
Small Business Majority submitted testimony to the Colorado Senate Business Labor & Technology Committee in suport of House Bill 21-1167, which would cap retainage for all public and private entities at 5% and allow small construction and subcontract firms to be more competitive against larger firms.
As a leading representative of America’s 30 million small businesses, we offer the following recommendations on what small businesses are hoping to hear in President Biden's remarks when he addresses Congress on Wednesday, April 28.
Today, Founder and CEO John Arensmeyer submitted a letter of support for the bipartisan PPP Flexibility for Farmers, Ranchers, and the Self-Employed Act introduced by Senators Cardin, Lankford, Collins, King, Baldwin, Portman, and Marshall. We urge Congress to immediately pass this measure, which would allow small businesses to apply for increased PPP benefits retroactively in order to take advantage of new PPP loan calculations for the self-employed.
Today, John Arensmeyer submitted a letter to Congressional House and Senate leadership outlining the key provisions in the American Jobs Plan that would support small businesses. Additionally, the letter provides recommendations on how to better support small businesses in changes to the tax code that would level the playing field.