Topics:
August 2, 2023
Find out where important small business legislation stands and what’s next
Federal Update Webinar Provides Outlook on Key Legislation
- Tax issues
- Financial services issues
- Healthcare issues
- Labor issues
- An NFIB Fly-In Recap
- A legislative calendar preview
- Support 20% Small Business Deduction (Section 199A) permanency – Set to expire Dec. 31, 2025. The Main Street Tax Certainty Act (S. 1706/H.R. 4271) would make the Small Business Deduction permanent.
- Oppose Beneficial Ownership Regulation – Enacted in 2021, this regulation requires over 32 million small businesses to register their beneficial ownership information with FinCEN beginning Jan. 1, 2024.
- Support the Credit Card Competition Act (S. 1838/H.R. 3881) – Injects competition into the credit card processing market by requiring banks to allow at least two networks for each card.
- Support the Employer Reporting Improvement Act (H.R. 3801) – Streamlines reporting requirements which can be burdensome for small business owners.
- Support the CHOICE Arrangement Act (H.R. 3799) – Allows small businesses the ability to band together and purchase health insurance as a large group across state lines.
- Support the FAIR Act – Would require honest billing for services rendered in outpatient facilities and additional hospital fees when not applicable.
- Support Pharmacy Benefit Manager employer transparency.
- Oppose the PRO Act (S. 567/ H.R. 20) – Curbs the use of independent contractors and restricts the rights of franchisees.
- Oppose the Raise the Wage Act – Increases the federal minimum wage to $17 per hour.
- Oppose the Healthy Families Act (S. 1664/H.R. 3409) – Mandates seven-day paid sick leave for employers with 15 or more employees and seven-day unpaid sick leave with employers with fewer than 15 employees.
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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