On February 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. House Committee on the Budget on a proposal to eliminate the U.S. debt limit, which would help mitigate financial risks and uncertainty for businesses of all sizes.
Small Business Majority Board Chair LaJuanna Russell testifies on why eliminating the debt limit will create certainty for small businesses
Small Business Majority testifies in support of reducing business registration fees for Coloradan small businesses
On February 16, Small Business Majority's Colorado Director Lindsey Vigoda testified before the House Business Affairs and Labor Committee on reducing costly fees associated with business registrations for aspiring and current Colorado entrepreneurs. Reducing or waiving business-related fees will remove just one of the many financial barriers on entrepreneurs who are scrambling to keep their businesses afloat.
Today, John Arensmeyer submitted comments on the notice of proposed rulemaking (NPRM) issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), titled “Beneficial Ownership Information Reporting Requirements” (RIN 1506-AB49), regarding the implementation of the recently enacted Corporate Transparency Act of 2020 (CTA). An anti-money laundering measure, the CTA requires FinCEN to establish a secure database to which U.S. companies submit basic identifying information of their true, “beneficial” owners.
Today, Government Affairs Director Awesta Sarkash, submitted a letter of support to the Senate Commerce and Labor Committee during the 2022 Virginia General Assembly in support of SB 1, which would create a paid family and medical program in the Commonwealth of Virginia. The COVID-19 pandemic has underscored the importance of accessing paid family and medical leave. Now more than ever, there is a need for a modernized and robust benefits infrastructure, which would greatly benefit small business owners and their employees.
Today, Small Business Majority along with 13 local, state, and national organizations, sent a letter to President Joe Biden, Senate Majority Leader Charles Schumer, and West Virginia Senator Joe Manchin urging the leaders to reignite negotiations surrounding the Build Back Better package. The Build Back Better package provisions include access to affordable healthcare, childcare, paid family and medical leave, and leveling the playing field on taxes, which would benefit the small business ecosystem.
Small Business Majority’s policy agenda ensures that small business is at the center of a thriving and inclusive economy in Wisconsin and advances policies that promote equitable pathways for entrepreneurship. The state’s 461,000 small businesses employed 1.3 million people in 2021, and small businesses have historically driven job growth . Yet, small businesses in Wisconsin continue to face setbacks from the COVID-19 crisis and struggle to access critical financing and resources.
Today, Awesta Sarkash, Government Affairs Director, submitted a letter in support of SB 376 which would create a prescription drug affordability review board in Virginia. The review board would protect state residents, state and local governments, commercial health plans, health care providers, pharmacies licensed in the Commonwealth, and other stakeholders within the health care system from the high costs of prescription drug products.
In a letter to New Mexico Governor Michelle Lujan Grisham, John Arensmeyer, Founder and CEO, urged support for the New Mexico Work and $ave legislative proposal sponsored by Senator Bill Tallman and Representative Linda Serrato. The legislation contains narrowly crafted, essential changes requiring a limited number of New Mexico employers to auto-enroll their workers—a requirement in every other state implementing these state-facilitated programs.
Small Business Majority’s Illinois policy agenda ensures that small business is at the center of a thriving and inclusive economy and advance policies that promote equitable pathways for entrepreneurship, with a particular emphasis on addressing systemic racism and sexism that impede economic inclusion and harm businesses owned by people of color, women and other underserved owners. The state’s 1.2 million small businesses employ 2.5 million people (about 45% of the private workforce), with firms less than 20 employees creating the largest net job gains.
Wisconsin is in trouble when it comes to retirement security. Even before the COVID-19 pandemic, our retirement system was not working for a significant number of Wisconsin workers and small businesses. The landscape of retirement benefits has changed in recent decades. Businesses have moved away from pensions that were automatic and managed by employers to defined contribution plans that are voluntary and self-directed by workers. In 1983, 62% of employees were covered by a traditional pension plan.