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.
WRITTEN STATEMENT BEFORE THE HOUSE COMMITTEE ON WAYS AND MEANS TAX POLICY SUBCOMMITTEE HEARING ON
“TAX REFORM AND SMALL BUSINESSES: GROWING OUR ECONOMY AND CREATING JOBS”
May 23, 2018
John Arensmeyer, Founder & CEO
Small Business Majority
Testimony before the Joint Economic Committee Hearing on “Breaking through the Regulatory Barrier: What Red Tape Means for the Innovation Economy”
May 22, 2018
Jessica A. Milano
Former Deputy Assistant Secretary for Small Business, Community Development, and Housing Policy
U.S. Department of the Treasury
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would would support qualifiying small businesses struggling to find financing by creating a tax credit of 5% to angel investors that invest in businesses with less than $2 million in gross receipts. Additionally, the legislation prioritizes investor applications from those investing in traditionally underrepresented businesses.
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would support qualifiying small businesses struggling to find financing by creating a tax credit of 5% to angel investors that invest in businesses with less than $2 million in gross receipts. Additionally, the legislation prioritizes investor applications from those investing in traditionally underrepresented businesses.
Small Business Majority writes in support of California Bill AB 2499, which would ensure premium dollars are spent on actual healthcare expenses rather than administrative costs. This bill will codify existing ACA medical loss ratios of 80/20 for the individual market and 85/15 for the large group market into California law to reinforce the state’s commitment to affordability.
Small Business Majority submitted a letter in support of California's net neutrality bill (SB 822), which would enforce net neutrality at the state level. It allows the state to ensure internet service providers (ISPs) are allowing equal access to the network.
The most surprising development in Maryland this month wasn’t a snowstorm but the fact that the General Assembly and Gov. Larry Hoganput politics aside to pass a lawthat will rescue the state’s entrepreneurs and small business employees from skyrocketing health care costs.
Maryland lawmakers just approved a bill that will curb the cost of health insurance premiums for 150,000 residents through a $380 million reinsurance program. That's money that can be used by insurers to pay for some of the costliest claims made by customers who purchased insurance through Maryland’s health insurance marketplace. States like Maryland are looking at these programs because they can help stabilize premiums in the individual marketplace by helping to compensate insurers for their most expensive customers.
Mid-Atlantic Outreach Director Erik Rettig tesitified before the Senate Committee on Labor & Industry to provide the small business perspective on the Pennsylvania Family Medical Leave Act, or Joanne’s Law (SB 479), and its impact on the more than 2.4 million small businesses employees in Pennsylvania. Joanne’s Law would allow eligible employees to use up to six weeks of unpaid leave to care for their sibling, grandparent or grandchild, as long as that person has no living spouse, parent under 65 or child over 17.
Small Business Majority voiced supports for California Bill SB 1021, which which would extend the cap on prescription drug copays indefinitely by eliminating sunset provisions on current law. The cap is currently set to expire in 2019.