Policy Statements

Small Business Majority welcomes the opportunity to comment on the advanced notice of proposed rulemaking issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), titled “Beneficial Ownership Information Reporting Requirements," 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, private database to which U.S. companies submit basic identifying information of their true, “beneficial” owners.

Sayuri Tsuchitani is the owner and operator of Headspa EN, in Los Angeles, CA. Small Business Majority submitted Tsuchitani's testimony to the House of Reprsentatives Committee on Small Business on how to harness the power of Immigrant-Owned Businesses.

Small Business Majority submitted testimony to the Senate State, Veterans, & Military Affairs Committee in suport of House Bill 21-1222, which would would classify child care homes as residences for purposes of licensure and local regulations. 

Small Business Majority submitted testimony to the Colorado Senate Business Labor & Technology Committee in suport of House Bill 21-1167, which would cap retainage for all public and private entities at 5% and allow small construction and subcontract firms to be more competitive against larger firms.