National

Last year, the American Rescue Plan provided billions of dollars to state governments to support their communities. After a year, these governments still have an opportunity to support their local small business ecosystem. We offer updated recommendations for strategic investments that can have a transformative impact on the long-term sustainability of a small business ecosystem. 

On February 16, LaJuanna Russell, founder and president of Business Management Associates, Inc. (BMA) and the Chair of the Board of Directors and a member of the Small Business Council for Small Business Majority, testified before the U.S. House Committee on the Budget on a proposal to eliminate the U.S. debt limit, which would help mitigate financial risks and uncertainty for businesses of all sizes. 

Today, John Arensmeyer submitted comments on the notice of proposed rulemaking (NPRM) issued by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), titled “Beneficial Ownership Information Reporting Requirements” (RIN 1506-AB49), regarding the implementation of the recently enacted Corporate Transparency Act of 2020 (CTA). An anti-money laundering measure, the CTA requires FinCEN to establish a secure database to which U.S. companies submit basic identifying information of their true, “beneficial” owners.

Today, Small Business Majority along with 13 local, state, and national organizations, sent a letter to President Joe Biden, Senate Majority Leader Charles Schumer, and West Virginia Senator Joe Manchin urging the leaders to reignite negotiations surrounding the Build Back Better package. The Build Back Better package provisions include access to affordable healthcare, childcare, paid family and medical leave, and leveling the playing field on taxes, which would benefit the small business ecosystem. 

On December 30, Small Business Majority alongside the American Independent Business Alliance and network member Mary Sue Milliken filed an amicus brief urging the court to uphold the administration’s COVID-19 vaccination and testing requirements for businesses with 100 or more employees. The brief outlines how workplace-related safety policies will impact small businesses, as well as research demonstrating the strong support for the rule from the business community.

Today, Small Business Majority, American Booksellers Association, American Independent Business Alliance, American Sustainable Business Network, Common Future, and Main Street Alliance sent a letter to Congressional leaders underscoring the importance of passing the budget reconciliation package. America’s small businesses owners will benefit from the budget reconciliation package because it proposes bold long-term investments into the small business ecosystem.