On December 20, Small Business Majority joined the American Sustainable Business Network, Businesses for Conservation and Climate Action, Main Street Alliance and the South Carolina Small Business Chamber of Commerce in filing an amicus brief before the United States Supreme Court. The brief argues that efforts to enable any business to circumvent regulatory statute of limitations would create uncertainty and confusion for businesses seeking to remain in compliance with the law.
On December 18, Small Business Majority CEO and Founder John Arensmeyer provided feedback on the proposed rule to update the Federal Trade Commission’s (FTC) regulations on unfair or deceptive practices relating to fees for goods and services.
As recent banking closures like the Silicon Valley Bank collapse shake the financial system, Small Business Majority surveyed small business owners and decision-makers around the country to understand their concerns about banking and access to credit.
On February 23, Small Business Majority's Public Policy Director Awesta Sarkash testified before the Connecticut Joint Committee on Banking in support of SB 1032, which would enact critical protections for small business borrowers in Connecticut that are falling prey to predatory lending practices.
On February 15, Small Business Majority's Public Policy Director Awesta Sarkash testified before the Maryland Senate Finance Committee on SB 0496, legislation that would enact critical protections for small business borrowers in Maryland that are falling prey to predatory lending practices.
Today, John Arensmeyer, Founder & CEO, submitted a comment to the Federal Register regarding the U.S. Small Business Administration's Small Business Lending Moratorium Recission and Removal of the Requirement for a Loan Authorization proposed rule. The Agency’s attempt to increase access to capital for minority and other under-resourced entrepreneurs is admirable, but the rules are not clear enough and do not properly address the process by which new licensees will be chosen nor the standards they will be held to.
Today, John Arensmeyer submitted a comment letter for the Department of Labor's propsed rule on Employee or Independent Contractor Classification Under the Fair Labor Standards Act.
John Arensmeyer, Founder and CEO of Small Business Majority, submitted a letter to the U.S. Senate Committee on Finance today supporting President Biden's nominee, Daniel Werfel, as Commissioner of the IRS. Daniel Werfel has the experience, knowledge, and skills to excel as the IRS Commissioner. We urge the Senate Committee on Finance to quickly confirm him.
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.
On March 16, LaJuanna Russell, founder and president of Business Management Associates, Inc. (BMA) and the Chair of the Board of Directors and a member of the Small Business Council for Small Business Majority, testified before the U.S. Select House Committee on Economic Disparity and Fairness in Growth about the critical role of entrepreneurship as a pathway to long-term financial stability and growth for Americans, as well as to discuss barriers to starting and sustaining small businesses.