Fair Competition

Small Business Majority Submits Written Testimony on FinCEN's BOI Reporting Requirement

On February 26, Small Business Majority submitted written testimony to the U.S. House Committee on Financial Services encouraging the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) to prioritize the needs of small businesses during the roll out of the new Beneficial Ownership Information (BOI) reporting requirement, which went into effect on January 1, 2024.

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Small Business Majority Submits Comment Regarding FTC and DOJ on Draft Merger Guidelines

Today, John Arensmeyer, Founder and CEO, submitted a comment to the Federal Register on The Department of Justice (DOJ) and the Federal Trade Commission's (FTC) joint 2023 Draft Merger Guidelines. Robust market competition is essential to a thriving small business ecosystem. A level playing field can boost healthy competition between small and large businesses. This promotes more competitive prices and business terms, as small firms are regularly buying from and selling to larger companies.

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Small Business Majority urges Senator Tim Scott to co-sponsor the bipartisan Small Business Technological Advancement Act

On August 22, Small Business Majority sent a letter to Senator Tim Scott urging him to co-sponsor the bipartisan Small Business Technological Advancement Act, which would help  ensure that America’s small businesses have the cutting-edge digital resources they need to compete domestically and to guarantee they will operate with a global advantage against large competitors.

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Small Business Majority submits an amicus brief before the Delaware Supreme Court regarding forfeiture-for-competition clauses

Small Business Majority submitted an amicus brief before the Delaware Supreme Court in response to a case regarding forfeiture-for-competition clauses (FFCs), which are similar to non-compete agreements. The brief explains how these types of agreements create barriers to entrepreneurship and make it harder for small employers to attract the best talent. 

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Small Business Majority provides comment to FTC on franchise agreements

Today, Small Business Majority submitted comments to the Federal Trade Commission (FTC) for their request for information to better understand franchise agreements. The comments explore several areas in which franchise agreements could be more equitable for small business franchisees.

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2024 Policy Priorities

: 2024 Policy Priorities

Executive summary

The Agenda for America’s Entrepreneurs sets forth policies that empower America's diverse entrepreneurs to build a thriving and equitable economy. Spanning across three key pillars that underpin our work, we advocate for policies that increase equitable access to capital, foster a sustainable workforce and promote a level playing field for entrepreneurs. If implemented these policies would ensure the growth of a robust small business ecosystem, reduce barriers and expand access to the American dream.  

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Small business owners support banning non-compete agreements

Non-compete agreements are an obstacle to entrepreneurship, create a non-level playing field and stop employees from using their skills. They are not only a barrier to entry for entrepreneurs, but they also prevent small businesses from hiring the most diverse, qualified and skilled talent. In January, the Federal Trade Commission (FTC) proposed a rule to ban non-compete agreements and sought input from the public.

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Hundreds of small businesses call on FTC to ban non-compete agreements

More than 400 small business owners and business organizations signed on to our letter urging the Federal Trade Commission to enact its proposed rule to ban non-compete agreements. Non-compete agreements are a significant impediment to entrepreneurship, create a non-level playing field and impede the ability of employees to maximize their skills.

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Small business community urges FTC to ban non-compete agreements

As of April 13, more than 400 small business owners and small business organizations have signed onto a letter urging the Federal Trade Commission (FTC) to enact its proposed rule to ban non-compete agreements. On April 19, lead partner organizations Small Business Majority, American Sustainable Business Network, Main Street Alliance, Pacific Community Ventures, and Right to Start will submit a final letter to the FTC in response to its comment period.

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