On September 27, Small Business Majority joined the Responsible Business Lending Coalition in filing an amicus brief, alongside Public Counsel, U.C. Berkeley Center for Consumer Law & Economic Justice, California Association for Microenterprise Opportunity, and the Office of Kat Taylor, before the Central District of California in support of a California Department of Financial Protection and Innovation (DFPI) regulation requiring sales-based financing providers to disclosure their APRs and other costs to small business borrowers.
California Policy Statements
More than 80 small business owners and advocates signed on to Small Business Majority's letter to California Governor Gavin Newsom in support of passing SB 33, which preserves a cornerstone of SB 1235 by requiring APR disclosure for all commercial financing products. These protections were set to expire in 2024, but SB 33 will eliminate the sunset date and guarantee continued transparency for businesses.
Small Business Majority writes in support of AB 716 (Boerner Horvath), which will prevent consumers from being charged an out-of-network surprise bill for ground ambulance services, both emergency and non-emergency, and protect uninsured Californians from being charged inflated ambulance rates.
Small Business Majority submitted testimony to the California Assembly Judiciary Committee in support of SB 33, which would protect SB 1235’s most critical protection: disclosure of the Annual Percentage Rate (APR).
On April 11, Small Business Majority's California Policy Director Bianca Blomquist testified before the Assembly Committee on Arts, Tourism, Sports and Entertainment in support of AB 1669, legislation that would establish the California Historically Significant District Program, an important program that can revitalize and support historically and culturally significant commercial corridors and small businesses in the state.
On April 4, Small Business Majority's California Policy Director Bianca Blomquist submitted a letter in support of AB 1392, legislation that would require large hospitals to submit a plan to the California Department of Health Care Access and Information (HCAI) to increase procurement from minority, women, LGBT, and disabled veteran business enterprises.
On April 4, Small Business Majority's California Policy Director Bianca Blomquist submitted a letter in support of AB 1669, legislation that would establish the California Historically Significant District Program, an important program that can revitalize and support historically and culturally significant commercial corridors and small businesses in the state.
On March 29, Small Business Majority's California Policy Director Bianca Blomquist testified before the Senate Bank and Finance Committee on SB 33, legislation that could ensure small businesses continue to have the transparency they need when shopping for financing products.
As a representative of the more than four million small businesses in California, Small Business Majority is pleased to support AB 616 (Rodriguez), the Medical Group Financial Transparency Act. This bill would advance efforts to improve healthcare affordability by ensuring that healthcare purchasers and consumers have access to important information about the finances of large medical groups and other physician organizations.
As a representative of the more than four million small businesses in California, Small Business Majority is pleased to support AB 1091, which will discourage anticompetitive behaviors in the healthcare industry. This bill will prevent anticompetitive contracting provisions and strengthen oversight of hospital mergers and consolidation by the Attorney General, a key measure to control healthcare costs and affordability for small businesses.