CA

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. 

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.

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 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 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.