“We applaud the U.S. House of Representatives for passing the 'Lower Costs, More Transparency Act' (LCMT) and sending the bill to the U.S. Senate this calendar year.
Press Releases
Press Release Date:
Monday, December 11, 2023
Statement from David Chase, Vice President, Policy & Advocacy for Small Business Majority, on why the House of Representatives’ action on healthcare pricing reform and transparency legislation will benefit the small business community
Topic(s):
Healthcare
Press Release Date:
Tuesday, December 5, 2023
Statement from Bianca Blomquist, California Policy Director for Small Business Majority, on California judgment that upholds state regulation requiring the disclosure of APR in small business financing products
“We are thrilled with U.S. District Judge R. Gary Klausner’s decision to rule in favor of the California Department of Financial Protection & Innovation in the case of ‘Small Business Finance Association v. Clothilde Hewlett,’ upholding state efforts that require annual percentage rate (APR) disclosures in small business finance products.
Topic(s):
Predatory Lending
Press Release Date:
Friday, December 1, 2023
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, urging President Biden to veto a resolution overturning the Consumer Financial Protection Bureau’s ability to increase transparency in small business lending
“Small Business Majority strongly opposes the U.S. House of Representatives’ action to block the Consumer Financial Protection Bureau (CFPB) from implementing the Section 1071 rule, requiring lenders to report demographic data on small business loan recipients.
The CFPB’s rule implementing Section 1071 of the Dodd-Frank Act will facilitate better tracking of lending in communities of color and identify business development opportunities for entrepreneurs who have traditionally experienced inequities in our banking system.
Topic(s):
Access to Capital, Predatory Lending
Press Release Date:
Monday, November 20, 2023
Washington, D.C. - Today and every day, Small Business Majority celebrates entrepreneurs across the country. This year, we are proud to bring back our Holiday Gift Guide, which features over 250 small businesses!
Topic(s):
General Small Business
Press Release Date:
Monday, November 13, 2023
Representative Sharice Davids (KS-03) joined Small Business Majority for a discussion on how a government shutdown will negatively impact small business growth and our national economy
Washington, D.C. - Today, ahead of the Friday, November 17 government funding deadline, Representative Sharice Davids joined Small Business Majority and concerned small business owners and advocates to implore Congress to work together and do what they can to keep the government open.
Topic(s):
General Small Business, Government Accountability
Press Release Date:
Tuesday, November 7, 2023
Statement by Rachel Shanklin, National Women's Entrepreneurship Director for Small Business Majority, on small business support for enshrining reproductive care into Ohio’s constitution
“The small business community is elated that Ohio voters passed ‘Issue 1’ today, which reaffirms strong support for protecting access to reproductive health, including abortion care and birth control.
Topic(s):
Healthcare, Women's Entrepreneurship
Press Release Date:
Wednesday, November 1, 2023
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, applauding the administration’s crack down on junk fees in retirement investments, which will help small businesses save more in retirement plans
“We are pleased the Biden-Harris Administration announced a new proposed rule that will address potential conflicts of interest in retirement investment advice and crack down on junk fees, which will help protect entrepreneurs, small businesses and their employees as they save for their futures.
Topic(s):
Retirement
Press Release Date:
Wednesday, October 25, 2023
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on the importance of ensuring the CRA supports access to small business lending for under-resourced entrepreneurs
“The final Community Reinvestment Act (CRA) rule is a step towards modernizing and strengthening the implementation of the CRA and encouraging banks to invest in small businesses in under-resourced communities.
The CRA was long overdue for reform to reflect our 21st century lending marketplace, and the new rule ensures greater access to small business lending for under-resourced entrepreneurs.
Topic(s):
Financial Reform
Press Release Date:
Thursday, October 19, 2023
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, urging President Biden to veto Senate bill that overturns Consumer Financial Protection Bureau’s ability to increase transparency in small business lending
“The U.S. Senate’s action on legislation overturning the Consumer Financial Protection Bureau’s (CFPB) Section 1071 rule requiring lenders to report demographic data on small business loan recipients is a regrettable setback for entrepreneurs.
The CFPB’s rule implementing Section 1071 of the Dodd-Frank Act would facilitate better tracking of lending in communities of color and identify business development opportunities for entrepreneurs who have traditionally experienced inequities in our banking system.
Topic(s):
Access to Capital, Minority entrepreneurship
Press Release Date:
Friday, October 6, 2023
Statement by Bianca Blomquist, California Policy Director & Northern California Outreach Director for Small Business Majority, on the importance of Gov. Newsom signing into law legislation that will protect and encourage small business growth
"With the conclusion of the 2023 legislative session, Governor Gavin Newsom has a tremendous opportunity to promote critical measures that will allow California's small businesses to grow and thrive. Targeted legislation currently on the governor's desk will remove barriers to responsible capital and improve access to quality healthcare for California's job creators. The following bills are instrumental in efforts to support continued entrepreneurship and, when signed, will build on the progress California has made to invest in our state's small business owners.
Topic(s):
Entrepreneurship, Government Accountability, Healthcare, Immigration