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  • NEWS | NSBA Board Nominations, Applications Now Open

    Applications for NSBA's next class of Trustees are due Aug. 9! Ensuring the voice of small business across the country since 1937, your chance to join NSBA's efforts to support small business is now: Join NSBA’s Board of Trustees! Now through Aug. 9, apply and nominate leaders to ensure the future of our Small-Business community. Learn more here .

  • WEBINAR | CTA Update from NSBA and TaxSpeaker

    Think the Corporate Transparency Act doesn't affect your small business? Think again, and learn what NSBA is doing about it in this update on the CTA. JUNE 27 | This week, NSBA and TaxSpeaker hosted a roundtable webinar on an update on the Corporate Transparency Act (CTA). RELATED | NSBA Fighting for Small Business with Lawsuit Against the CTA NSBA is continuing its advocacy work on behalf of small business to stop the CTA, winning a federal lawsuit over the U.S. Department of Treasury and its Financial Crimes Enforcement Network (FinCEN) for its unconstitutional enactment of this cumbersome policy. While the federal government is appealing this decision, the current CTA law requires any business entity that was not a member of NSBA before March 2024, with 20 employees or less to file a beneficial ownership form with the Treasury. Hear the latest on NSBA's efforts against the CTA in this informative webinar discussion, and follow NSBA as we continue our work to protect small business from cumbersome, unconstitutional policies: nsba.biz/cta

  • NEWS | SBA Announces 7(a) Working Capital Pilot Program  

    NSBA applauds recent efforts across Washington to expand access to capital for small businesses. JUNE 20 | This week, the U.S. Small Business Administration (SBA) announced the 7(a) Working Capital Pilot (WCP) Program.  This program offers newly structured lines of credit from 7(a) lenders. RELATED | NSBA Survey: More than 50 Percent of Businesses Struggle with Access to Capital Backed by the SBA, WCP lending is designed to give greater flexibility than traditional term loans, including transaction- and asset-based loans, as well as specific purpose loans, such as for electricians, plumbers, and other small contractors who may need a line of credit to perform work on certain qualifying jobs. Improving Access to Capital is a critical Priority Issue for our community, and NSBA applauds the SBA for seeking new methods of meeting the varying capital needs of America’s small businesses. RELATED | Review NSBA’s Priority Issues for 2023-2024 Follow NSBA as we continue engaging with SBA on solutions for the Priority Issue, and find complete details on the WCP here.

  • NEWS | NSBA Joins Coalition Requesting Stay of Overtime Rule

    With pending judicial review on the rule, the Dept. of Labor must limit the effects of its final overtime rule. JUNE 12 | Last week, NSBA joined the Partnership to Protect Workplace Opportunity (PPWO) alongside more than 90 other organizations calling on the U.S. Department of Labor (DOL) to stay its final overtime rule. The DOL’s rule implements significant changes to the thresholds of pay rates related to an employee’s classification status, including when a worker is eligible to receive overtime pay. Several legal cases have been filed against the rule, which is currently pending judicial review. RELATED | DOL Releases Final Overtime Text Ahead of its effective date of July 1, the coalition is requesting the stay retroactive to April 26, 2024, when the final rule was first published in the Federal Register. NSBA continues to argue that employees and employers are best served with a system that promotes maximum flexibility in structuring employee hours, career advancement opportunities for employees, and clarity for employers when classifying employees. RELATED | NSBA Opposes Latest DOL Overtime Rule Postponing the effective date of the overtime rule while litigation is pending ensures that impacted businesses and the agency itself do not waste valuable resources by attempting to come into compliance or implement a rule that could be invalidated by a court. Read the full letter here, catch up on NSBA’s latest Letters, Comments, and Testimonies, and follow us as we continue tracking updates related to the latest overtime rule.

  • NEWS | Proposed Legislation Would Support AI Training

    Senators are considering new skills and training on AI for small-business owners. JUNE 12 | Last week, Senate Commerce Committee Chair Maria Cantwell (D-Wash.) and fellow committee member, Sen. Jerry Moran (R-Kan.) introduced bipartisan legislation that aims to equip small businesses with artificial intelligence training tools. The Small Business Artificial Intelligence Training and Toolkit Act of 2024 would require the Commerce Department to create tangible resources for small businesses to help with emerging AI technologies. Several Members of Congress are seeking to craft regulations that boost AI’s potential and protect small-business owners from harm. A number of recent studies suggest that small businesses across industries, such as cybersecurity and health care, have been embracing AI to assist with marketing, research, customer service, and other tasks. Follow NSBA as we continue tracking this legislation in Congress and developing comprehensive technology policy that best serves small-business owners.

  • NEWS | Sen. Cramer Introduces Legislation to Increase Access to Capital for Small Business

    Access to capital is a major challenge facing the small-business community. JUNE 12 | Last week, U.S. Sen. Kevin Cramer (R-N.D.) introduced the Unlocking Capital for Small Businesses Act, which aims to provide a simpler regulatory regime for private placement brokers and finders. This legislation would exempt the above classes from U.S. Securities and Exchange Commission registration required under the Securities Exchange Act, creating a safe harbor for finders, and scaling back regulations for private placement brokers. Supporters of these exemptions and conditions believe the changes will better facilitate capital formation for small businesses without access to institutional investors. Access to Capital is an NSBA Priority Issue affecting small businesses, and Senator Cramer’s legislation offers a promising tangible step toward action on this major challenge. This pending legislation is also supported by Americans for Prosperity and the Small Business and Entrepreneurship Council. RELATED | NSBA Member Poll: Access to Capital “Capital access is critical to the growth and survival of America’s small businesses, and we are grateful that Congress is taking action to help small businesses scale more easily and effectively. Small businesses too often find themselves caught in a divide: they’re becoming too large for family and friends to provide meaningful capital, yet too small for institutional investors to support. Senator Cramer’s Unlocking Capital for Small Business Act will go a long way to freeing up a vital new stream of capital for these small businesses caught in the middle,” Todd McCracken, President and CEO of National Small Business Association, said as quoted in Sen. Cramer’s press release. Follow NSBA as we continue tracking this and action on our current Priority Issues. Click here for bill text. Click here for one pager from Sen. Cramer’s office. RELATED | SBC: NSBA Membership Votes and Ratifies Priority Issues for 2023-2024

  • WEBINAR | Veterans' Webinar with the SBA

    On June 5, 2024, NSBA hosted a “Veteran Entrepreneurs’ Town Hall with the SBA’s National Ombudsman and Office of Veteran’s Business Development" webinar. Watch the webinar any time, and learn more about NSBA's Veterans' Network here

  • NEWS | NSBA Supports House Cmte. Investigation

    Federal regulations affecting small business must be accountable to this important community. On May 29, NSBA signed a letter to the House Committee on Small Business and its Chairman Roger Williams (R-Texas) commending its investigation into federal regulations affecting small business. In the letter, NSBA President and CEO Todd McCracken and Director of Government Affairs Reed Westcott stated: “…we write to express our support and gratitude for the recent investigation conducted by the House Small Business Committee into the compliance of federal agencies with the Regulatory Flexibility Act (RFA). We commend the Committee’s diligent efforts in identifying and addressing the shortcomings of federal agencies in adhering to the mandates of the RFA, which are crucial in protecting small businesses from undue regulatory burdens.” Read the full text here, review the Letters, Comments, and Testimony NSBA regularly submits on issues in our community, and follow us as we continue our efforts to ensure Congress and the laws it creates are most serving of small business. RELATED | Learn How You Can Start Driving Change Through Congress for Your Small Business

  • MEMBER SPOTLIGHT | Kerry Smith, CNR

    "Sometimes dreams are born from storms...." Meet Kerry Smith, president and CEO of Construction News and Review (CNR) Magazine.  From writer to owner, Kerry’s success was not built in a day, but her commitment to creating a new brand and impact for CNR is a testament to the spirit of small-business ownership – one NSBA couldn’t be more privileged to support. Read Kerry’s story, get inspired by CNR’s journey, and learn how NSBA can help your small business stand out and thrive in the storm.

  • NEWS | NSBA Joins Coalition Letter Against Increased Prices on Main Street

    1600 Penn or 101 Main, ineffective small-business policy is on Front Street for NSBA. On May 15, NSBA joined the Merchants Payments Coalition (MPC) and more than 215 organizations in a letter to express strong opposition to H.R. 8337, the Bank Resilience and Regulatory Improvement Act. This bill would increase asset thresholds, where, once reached, certain regulatory requirements apply to financial institutions. NSBA’s opposition on H.R. 8337 is due to Section 101(b) of the bill, which would exempt all financial institutions with assets of up to $50 billion from Federal Reserve Regulation II. Regulation II places reasonable limits on debit interchange fees that Visa and Mastercard centrally price-fix on behalf of card-issuing financial institutions and that merchants are required to pay on every debit card transaction. RELATED | NSBA Stands Against Credit Card Fees Affecting Small Business Although NSBA takes no position on the other provisions of H.R. 8337, we stand with the MPC and oppose the legislation in its current form inclusive of Section 101. Follow NSBA as we continue monitoring this legislation and credit card fees policies coming from Capitol Hill, and read the full letter here.

  • NEWS | FTC Announces Non-compete Rule Affecting Small Business

    NSBA supports flexibility for small-business owners when it comes to non-compete policies. On April 23, 2024, the Federal Trade Commission (FTC) issued its Final Non-Compete Agreement Rule (Final Rule), banning non-compete agreements between employers and their workers, specifically those that utilize non-compete agreements to protect their trade secrets, confidential business information, goodwill, and other important intangible assets. RELATED | NEWS | NSBA Comments on FTC Noncompete Rules The rule bars employers from entering or attempting to enter into a non-compete agreement with “workers” (employees and independent contractors). Employers are also prohibited from even representing that a worker is subject to such a clause. There are few exceptions under the new rule, including for senior executives, whose existing non-compete agreements can remain in force, however employers are barred from entering or attempting to enter into a non-compete agreement with a senior executive after the effective date. The rule has already been challenged in at least two lawsuits, one by the U.S. Chamber of Commerce, and a second filed by Ryan, LLC, a tax services firm. Both suits raise similar arguments, including that the FTC lacks authority to enact the rule, as well as its retroactive nature. RELATED | NSBA Files Suit in Federal Court on Behalf of Small Business Owners NSBA is continuing to monitor developments related to this rule and remains supportive of small-business owners being able to utilize policies most serving of their enterprise. Read the full rule here.

  • NEWS | Exporting Webinar from NSBA

    Watch this "nutty" webinar from NSBA, Ex-Im Bank, and BNutty any time! Discovering the world of exporting can be full of both challenges and opportunities. That’s why, this month, NSBA is partnering with the Export Import Bank (ExIm) and our “nuttiest” friends to tell the inspirational story of two soccer moms who founded BNutty, an Indiana-based peanut butter company. Join us to learn how these two navigated the global market and turned selling homemade peanut butter into an international success. Join this conversation with the National Small Business Association (NSBA) and BNutty's founders as they widely discuss the following: How their journey began with an annual fundraiser, which lead them to explore local farmers’ markets and evolved into a global company. Their bold move of loading their soccer bus with jars of peanut butter and venturing to compete with industry giants at the Fancy Food Expo in the heart of NYC. The essential resources they leveraged from EXIM and SBA to navigate the global landscape and work safely with international buyers. Practical advice for interacting with international buyers and captivating anecdotes from their business experiences in foreign countries. Watch the webinar here any time: From Fundraising Origins to Global Exports: The BNutty Story (on24.com)

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