National

Small Business Majority and U.S. Women’s Chamber of Commerce file amicus brief on the importance of reproductive healthcare access for businesses and state economies

Small Business Majority recently filed an amicus brief alongside the U.S. Women’s Chamber of Commerce, Amalgamated Bank, Argent, Bumble Inc., KraveBeauty, Levi Strauss & Co., Lyft, Match Group, Inc., and Yelp, in the case Idaho vs. United States which will come before the Supreme Court in April 2024.

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Small Business Majority network members participate in the White House’s inaugural Regional Small Business Summit

On March 15, Small Business Majority network members, alongside other small business owners and advocates, attended the White House’s inaugural Regional Small Business Summit. The entrepreneurs met with U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman and other Biden-Harris administration officials to discuss how to help Main Street thrive.

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Small Business Majority submits request for information response on ways to strengthen and clarify ERISA

On March 15, Small Business Majority submitted a response to the House Committee on Education and the Workforce's request for information (RFI) to provide feedback on the Employee Retirement Income Security Act (ERISA). Our response recognizes the importance of healthcare plans regulated under ERISA, and we argue that state regulated plans have great potential to offer quality and affordable healthcare coverage to small businesses nationwide.

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Small Business Majority submits written testimony on the economic harms of restricting reproductive freedom

On March 12, Small Business Majority submitted written testimony to the Senate Committee on the Budget examining how our nation’s women entrepreneurs are impacted by efforts to restrict reproductive freedom at both the federal and state level. 
 

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Small Business Majority Urges Senate HELP Committee to Support the Nomination of Julie Su to the US Department of Labor

On February 26, Small Business Majority Founder and CEO John Arensmeyer submitted a letter of support to the U.S. Senate Committee on Health, Education, Labor and Pensions in favor of efforts to support the confirmation of Julie Su's nomination to serve as the next Secretary of Labor. 

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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 Comments on Proposed Rule to Limit Association Health Plans

On February 16, Small Business Majority Founder and CEO John Arensmeyer provided feedback on the proposed rule to rescind the Department of Labor's (DOL's) 2018 Association Health Plan Rule. We applaud DOL for its proposal, in collaboration with the Biden-Harris Administration, to rescind the previous Administration’s ‘Association Health Plan’ Rule, in order to address rising healthcare costs for America’s small businesses and entrepreneurs. 

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Small business owners share their experiences with new Beneficial Ownership Information reporting requirements

Publisher: 
Small Business Majority
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Date: 
Thursday, February 15, 2024

As of January 1, 2024, some small businesses in the United States are required to file a Beneficial Ownership Information (BOI) Report with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This new reporting requirement is part of the Corporate Transparency Act (CTA), a law designed to help prevent and combat money laundering, tax fraud and other financial crimes. A recent Small Business Majority national opinion poll gauged small business owners’ awareness of the new BOI reporting requirement and their experiences with filing the report.

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