El vicepresidente de Small Business Majority de California, Mark Herbert, indicó que el proyecto de ley para transformar el Departamento de Supervisión Comercial de California (DBO) y crear el Departamento de Protección e Innovación Financiera (DFPI), permitirá una supervisión más sólida de las empresas de financiamiento comercial que se involucran en actos o prácticas injustas, engañosas o abusivas (UDAAP) hacia las pequeñas empresas.
Small Business News
The result is that entrepreneurs, instead of seeing a general contraction, are experiencing wildly different scenarios. Many entrepreneurs have found themselves in the wrong industry at the wrong time. And if Congress doesn’t provide additional emergency aid – its Paycheck Protection Program loan option for small businesses expired last month – more than a quarter of small-business owners say they won’t survive more than three months, according to Small Business Majority, a national advocacy group that surveyed its network of 70,000 businesses in August.
In friend-of-the-court briefs, business groups warned of the risks of repealing the law: America’s Health Insurance Plans said there would be “seismic consequences” for its members; the Small Business Majority Foundation said it would “do great harm” to entrepreneurs; and HCA Healthcare, the largest nongovernmental insurer in the U.S., said the law is “more important than ever” as the pandemic pushes up unemployment.
“I’m terrified,” says Hernandez. “As it is, in the six months that we’ve all been experiencing a pandemic, the statistics are showing we’ve already lost 40 percent of black owned small businesses and 32 percent of Latino small businesses. We don’t have the luxury of time on our side. We need relief and we need it now.”
The legislation has been endorsed by BPC (Bipartisan Policy Center) Action, the American Health Care Association, New Jersey Hospital Association, The Project on Government Oversight, The Arc of the United States, Small Business Majority, Alliance for Aging Research, Alzheimer's Association, Leading Age, and National Low Income Housing Coalition.
John Arensmeyer, Founder and CEO, Small Business Majority; Rafael Espinal, Executive Director, Freelancers Union; and Liz Shuler, Secretary-Treasurer, AFL-CIO; in conversation with The Hill's Editor-at-Large Steve Clemons.