Virginia Small Business Disappointed by Governor's Amendment on Bad Policy Bill

Date: March 26, 2021

Under New Legislation, Already Struggling Small Business Owners Face Additional Mandates

NFIB, or the National Federation of Independent Business here in Virginia, expresses disappointment with the governor’s amendment of House Bill 2174, which would establish a state run individual account (IRA) saving program for workers who do not have a retirement account through their employer. One of the biggest concerns of small business owners in Virginia is that the bill expands the program to part time workers.

 

“Small business owners across Virginia are deeply concerned with this move by the governor,” said Nicole Riley, NFIB State Director in Virginia, “Here’s why this bill is bad for small business: it would require our already struggling small business owners to participate in a government mandated program at a time when they are already burdened with COVID-19 mandates and revenue losses.”

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