Small Business Majority testifies in favor of California lending transparency bill

On April 18, CEO John Arensmeyer testified before the California Senate Committee on Banking & Financial Institutions in support of SB 1235, which would increase transparency in alternative lending in California.

Read the testimony

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Thursday, April 26, 2018
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Spotlight

Recent Developments

On April 24, we released the results of a national scientific opinion poll that found small business owners strongly oppose the repeal of rules enforcing net neutrality. According to the poll, 56% of small business owners oppose the FCC’s recent repeal of net neutrality rules, with nearly 4 in 10 (39%) strongly opposed.

Read the report »

On April 18, Small Business Majority CEO John Arensmeyer testified before the California Senate Committee on Banking and Financial Institutions in support of SB 1235, which would create regulations for new sources of alternative lending in California. The testimony explained that such regulation is widely supported by small business owners, as it would protect them from predatory lending practices. 

Read the testimony »

On April 17, Small Business Majority submitted a comment letter to the U.S. Department of Health and Human Services regarding proposed rule changes to short-term insurance. The letter explained how these changes could undermine the risk pool in the individual marketplace and raise costs for small business owners and the self-employed.

Read our letter »

On April 4, we released a national scientific opinion poll that found small business owners strongly support legislation requiring transparency in business formation, which will address fraud committed by anonymous shell companies. Specifically, the poll found more than 3 in 4 small business owners think Congress should pass legislation requiring businesses to list their true identity when forming.

Read the report »

On March 20, Small Business Majority CEO John Arensmeyer testified before the U.S. House Subcommittee on Health, Employment, Labor, and Pensions on how the U.S. Department of Labor's proposed changes to association health plans could hurt the small group market for health insurance. 

Read the full testimony »

On March 14, the U.S. House Committee on Small Business advanced six bipartisan bills that benefit small businesses. These bills will increase lending oversight, provide cybersecurity resources and expand intellectual property rights training for small businesses. 

Read more about the bills »

On March 1, we released a national scientific opinion poll that found access to reproductive health is critical to women entrepreneurs’ economic success. The poll found this is especially true for women of color who own small businesses and younger entrepreneurs.

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On February 14, Small Business Majority announced it has taken over Venturize.org, an online portal working to provide small businesses with the resources they need access to responsible lending. Small Business Majority is seeing Venturize through its next phase to help even more small business owners become loan-ready.

Read the release »

On February 7, Small Business Majority CEO John Arensmeyer testified at an informational hearing on “Options for Universal Coverage” held by the California Assembly. His testimony offered proactive healthcare solutions to expand coverage and increase affordability for California’s small employers and entrepreneurs. 

Read the full testimony »

On January 31, Small Business Majority submitted comments to the U.S. Department of Labor regarding a proposal to change the rules governing Association Health Plans (AHPs). The letter explains how the proposed rule change could be a risk to small business healthcare by creating separate risk pools and increasing costs in the small group market.

Read our letter »