Small Business Majority writes in opposition to HB 2042, which would extend short-term, limited duration health insurance from the current 181 days to 366 days. We believe this legislation would help undermine a robust individual marketplace, which is vitally important for owners and employees of small businesses without group coverage, especially the roughly one million solo-entrepreneurs in Illinois.
Colorado Director Hunter Railey testifies in support of HB19-1164, which would expand the child tax credit. Expanding the child tax credit is an investment in Colorado’s working families, including small businesses. It will help grow the economy and improve long-term financial wellness for thousands throughout the state.
Colorado Director Hunter Railey testified in opposition to HB19-1058. Unlike the previously proposed FAMLI Act, HB19-1058 would not do enough to make accessing paid family and medical leave affordable for most small business owners and their employees. Additionally, it would not do enough to increase access for moderate- and low-income workers who already struggle to save for emergencies or retirement.
Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Colorado. It’s critical that state lawmakers enact policies to support and empower these entrepreneurs, guaranteeing they have access to capital to start and grow their business, affordable and quality healthcare and benefit programs that will make it easier for them to attract and retain talented employees.
Colorado Outreach Manager Hunter Railey testified in support of legislation that would create the Early Childhood Educator Tax Credit. The hearing was called by the Colorado General Assembly Education Committee. Hunter's testimony explained how the proposed bill will benefit small businesses by increasing access to affordable, quality child care. The bill will also directly help home-based child care providers.
Small Business Majority, as part of the Responsible Business Lending Coalition, submitted comments to Department of Business Oversight with recommendations regarding the implementation of SB 1235, which is the first truth in lending law in the country.
On December 28, Small Business Majority submitted comments to the Internal Revenue Service regarding proposed regulations for the operation of Opportunity Zones, a new program designed to increase investment in low- and moderate-income communities. Small Business Majority's comments emphasized the need for improvements to the regulations to ensure they benefit Main Street small businesses.
On December 26, Small Business Majority submitted comments to the U.S. Departments of the Treasury, Labor and Health and Human Services regarding proposed changes to regulations governing the use of health reimbursement arrangements (HRA). The comments argued that HRAs should not be expanded to allow for use in purchasing coverage through association health plans (AHPs) or short-term insurance plans, as these plans do not offer quality coverage and destablize insurance marketplace for other small business owners and their employees.
On November 14, Small Business Majority submitted comments to the Office of Comptroller of the Currency regarding a proposed rule amending regulations for the Community Reinvestment Act. The letter provides feedback and suggestions to strengthen the proposed rule in order to better stimulate small business lending.