Small Business Majority submitted a letter in support of SB 1235, which would become the first small business truth in lending law in the country. The bill would standardize disclosure of financing terms offered to small businesses to better inform borrowers about the financial implications of their loan offers, and it would serve as a model for other states to follow to better serve their small businesses.
Small Business Majority writes in support of the California Assembly's version of the GO-Biz budget, which would provide an additional $3 million to small business technical assistance providers, including the Minority Business Development Centers, the Women’s Business Centers, the Procurement Technical Assistance Centers and the Veterans Business Outreach Centers. These funds will be used to expand their capacity to provide vital one-on-one counseling and training to businesses and entrepreneurs.
The Virginia General Assembly boosted small businesses on May 30 when it voted to expand the state’s Medicaid program as part of a budget plan. Giving more people access to affordable healthcare will level the playing field for small firms, foster a workforce that is healthier and more productive and direct additional funds to the state’s economy.
Small Business Majority writes to urge the California Legislature to include funding for healthcare solutions in that will expand access to affordable coverage in the 2018-2019 State Budget. Some of the requests include: extending Medical access to all income-eligible undocumented adults and to consider enacting a California alternative to the ACA's individual mandate to maintain the robustness of the marketplaces.
Small Business Majority writes in opposition against HB 5139, Illinois' Regulatory Sandbox Act. The legislation would permit a range of financial institutions to test unlicensed financial products on consumers, including entrepreneurs. It allows financial products that would normally be subject to licensing requirements and regulations to operate freely. The bill language lacks strong disclosure requirements or provisions promoting transparency, and this lack of clarity opens the door to predatory lending.
Small Business Majority writes in support of Illinois bill SB 2388 SFA1 which would establish a maximum enrollment period for short-term health insurance of 90 days per year. It would also apply existing consumer health insurance protections to these short-term plans and require increased transparency in marketing such plans.
Small Business Majority writes in support of Illinois Bill HB 4165 HA 1, the Do Not Harm Healthcare Act. The bill would bring more stability and certainty to healthcare marketplaces in Illinois.
Chia Basinger, owner of the Sweet Action Ice Cream shop in Denver, CO, testified before the state's Senate State, Veterans, & Military Affairs committee in support of Family Medical Leave Insurance Program (HB17-1001), or FAMLI Act. The bill would provide employees in Colorado with up to 12 weeks of paid leave per year after the birth of a child, to take time off for a personal injury or to care for a seriously ill family member.
Colorado Outreach Manager Hunter Railey testified in support of legislation that would create a paid family medical leave program in Colorado. The hearing was called by the Colorado Senate State, Veterans, & Military Affairs Committee. Hunter's testimony explained how the proposed bill, the FAMLI Act, will benefit small businesses by lowering turnover, boosting productivty and enhancing employee morale.
Small Business Majority writes in support of AB 3148, which would provide additional cost sharing assistance to help those eligible for assistance to better afford their copays and deductibles, which would directly benefit many of California’s small businesses, their employees and self-employed entrepreneurs. AB 3148 would significantly improve affordability for thousands of low- and moderate-income individuals and families, including many entrepreneurs and small business employees, by ensuring that no one is unable to use the insurance they have.