Washington, DC – Today, Small Business Majority CEO John Arensmeyer and several small business owners from the organization's network commented on the HEROES 2.0 Act that will be voted on in the U.S. House of Representatives this evening.
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Expanding the Department of Business Oversight is a step in the right direction, but the measure of its success will be determined by how quickly new regulations are implemented
Sacramento, CA — Today, Small Business Majority’s Vice President of California, Mark Herbert, issued the following statement after Governor Gavin Newsom signed into law a bill to transform California’s Department of Business Oversight (DBO). The legislation will establish the Department of Financial Protection and Innovation (DFPI) and allow for more robust oversight of commercial financing companies that engage in unfair, deceptive or abusive acts or practices (UDAAP) toward small businesses.
Washington, DC – Today, Small Business Majority submitted a letter to Congressional leadership urging them to pass a comprehensive and robust COVID-19 relief package as small businesses continue to face permanent closures.
Washington, DC — Today, Small Business Majority Founder and CEO John Arensmeyer issued the following statement after U.S. Senate Democrats blocked the Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act (S. 178), the so-called “skinny” COVID-19 relief bill led by Senate Republicans.
Washington, DC — Today, Small Business Majority Founder and CEO, John Arensmeyer, issued the following statement upon Congress’ return to Washington.
Absent Additional Stimulus Funding 1 in 4 Small Business Owners Will Permanently Close Within 3 Months
Washington, DC — Today, as negotiations on the next phase of COVID-19 stimulus are at a standstill, Small Business Majority released calls by business owners in its network to immediately extend and reform the Paycheck Protection Program (PPP). New data from Small Business Majority has found that 80% of small business owners would like to take a second PPP loan.
A new network survey reveals 1 in 4 small businesses will not survive past 3 months without additional stimulus funding
Washington, DC — Today, Small Business Majority released a new network survey revealing how dire the situation is for the nation’s smallest business owners and called on Congress to immediately reevaluate the stimulus provisions being considered in the next COVID-19 relief bill.
Lacking transparency standards have resulted in small businesses paying as high as 350% APR on small business financing
Washington, DC — Today, Small Business Majority, issued the following statement applauding the introduction of the Small Business Lending Disclosure and Broker Regulation Act of 2020 authored by House Small Business Committee Chairwoman Nydia Velázquez. The bill would amend the federal Truth in Lending Act (TILA) to extend the same protections for consumers to America’s small businesses.
Washington, DC – Small Business Majority Founder and CEO, John Arensmeyer, issued the following statement after Senate Republicans released their next COVID-19 economic relief package for small business.
Washington, DC – Today, as a deal was reached for the next COVID-19 stimulus package, Small Business Majority Founder and CEO John Arensmeyer urged Congress to include automatic forgiveness of all Paycheck Protection Program (PPP) loans under $150,000. In a letter to House and Senate Leadership, Arensmeyer asked that S. 4117, the Paycheck Protection Small Business Forgiveness Act, is included as part of the next relief package. S.