Policy Statements

Small Business Majority submitted a letter of support to the U.S. House of Representatives on H.R. 3, the Lower Drug Costs Now Act. Addressing the high cost of prescription drugs will help bring more stability to the pricing of health coverage in the marketplaces, which is beneficial to small employers, health insurers and the healthcare system overall.

Small Business Majority submitted a letter of support to the Senate Committee on Banking, Housing, and Urban Affairs on S. 2563, the ILLICIT CASH Act, which would protect small businesses from the myriad ways in which anonymous companies undermine legitimate small business owners. Currently, shell companies with hidden owners put small businesses at a disadvantage by unfairly competing for contracts, undermining supply chains, creating difficulties in finding responsible subcontractors and providing cover for fraudsters. 

The Responsible Business Lending Coalition submitted a letter of support to the U.S. House Committee on Financial Services on H.R.3490, the Small Business Lending Fairness Act, which would address one of the most egregious predatory practices in small business financing. Small business borrowers can fall prey to confessions of judgement with little recourse, forcing some to close their business when they're unable to keep up with their payments. Banning confessions of judgement would remove arcane legal language meant to mislead business owners into signing away rights. 

Small Business Majority submitted comments to the Missouri Department of Commerce and Insurance in response to a request for information (RFI) regarding the opportunity for the state to request 1332 state innovation waivers through the U.S. Department of Health & Human Services. The comments discussed the current landscape for small business healthcare and how state waivers must be structured in a way that do not increase costs for some consumers or create parallel marketplaces.