Small Business Majority, as part of the Responsible Business Lending Coalition, submitted comments to the Department of Business Oversight regarding implementation of California's SB 1235, the nation's first truth in lending law for small business financing. We urged the Department to implement strong standards that will ensure small business owners have the opportunity to understand the financing they are being offered in a clear, concise manner that enables informed comparison across all their financing options.
On July 24, 2019, Virginia small business owner Muneer Baig testified before the U.S. House Committee on Small Business to explain why the Tax Cuts and Jobs Act (TCJA) hasn't helped his small business.
On July 22, Small Business Majority filed an amicus in New York vs. Department of Labor, urging the U.S. Court of Appeals for the District of Columbia to uphold a previous decision to strike down a U.S. Department of Labor Rule that makes it easier for groups to form association health plans (AHPs). Small Buinsess Majorirty believes rejecting this final rule is essential to protecting the ACA's gains for small businesses, their employees and the self-employed.
Small Business Majority and California Association for Micro Enterprise Opportunity (CAMEO) write in support of Governor Newsom’s proposal to expand the CalEITC program, which will benefit many self-employed entrepreneurs. Governor Newsom’s budget proposal would expand the CalEITC program to individuals making up to $30,000 annually, a limit that would ensure many low-income solo entrepreneurs are eligible.
On May 22, 2019, Small Business Majority CEO John Arensmeyer testified before a joint hearing of the Senate Committee on Small Business & Entrepreneurship and the Senate Homeland Security & Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management to discuss the reauthorization of the SBA Office of Advocacy. His testimony discussed the important role of the Office of Advocacy and why small business regulations should not be characterized as all good or bad, but rather considered on a case-by-case basis.
Small Business Majority submitted comments in support of California's AB 1790, which clarifies regulations for online e-commerce marketplaces regarding the collection and use of funds belonging to small business sellers on these marketplaces. The comments explained how clarifying these regulations will reduce administrative burden on small businesses selling goods and services online.
Small Business Majority writes in support of AB 414 and SB 175 which would reinstate a penalty for lacking coverage in California and grant Covered California the ability to set this penalty amount. This will prevent the predicted increases in healthcare costs and uninsured rates in California, directly benefitting small businesses who struggle to keep up with the high costs of healthcare.
Small Business Majority writes in support of SB 65, which extend tax credits to individuals struggling to access affordable healthcare. The legislation would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees by creating and increasing subsidies for individuals who earn up to 600% FPL.
Small Business Majority writes in support of AB 4, which would extend MediCal, which provides healthcare to qualified low-income individuals, to all individuals who would be otherwise eligible if not for their immigration status. Extending this coverage would drastically decrease the number of remaining uninsured in the state, as roughly 1.4 million undocumented Californians are without healthcare coverage (half of the total uninsured).
Colorado Director Hunter Railey testifed in support of HB19-188 or the Family Medical Leave Insurance Program (FAMLI) Act, which would create a study to assess the feasibility and necessary steps to implement a paid family and medical leave program in Colorado. This study will be crucial in setting up future legislation in the state legislature to create such a plan.