National

Amidst reports that small business owners around the country are waiting days and weeks to receive their Economic Injury Disaster Loan (EIDL) funds and that borrowers are not receiving their loan advances as required by the recent stimulus package, Small Business Majority sent a letter to the U.S. Small Business Administration demanding that they address this issue and ensure better communication and efficiency in the loan process. 

Today, Small Business Majority submitted comments to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation regarding proposed rules changes to the Community Reinvestment Act. Some of Small Business Majority's concerns include that these proposed changes would negatively impact underserved entrepreneurs in low and moderate income (LMI) communities and disincentive banks from making qualified smaller-dollar loans that are the lifeblood of small businesses. 

On March 22, Small Business Majority sent a letter to Senate and House leadership calling on Congress to provide immediate grant assistance to small businessses being harmed by COVID-19. 

A growing number of small businesses nationwide are calling on Congress and the Administration to provide a massive and bold stimulus package for Main Street. 

On January 15, Small Business Majority filed an amicus brief urging the U.S. Supreme Court to accept and quickly render a decision in the case of Texas v. U.S., which has challenged the constitutionality of the Affordable Care Act. This is necessary because the U.S. Court of Appeals for the Fifth Circuit recently declared the individual mandate is unconstitutional and ordered a lower court to reconsider whether the remaining components of the ACA may remain law.