NFIB Small Business Growth Agenda for the 118th Congress
Top Legislative Priorities
NFIB provides members of Congress with a pro-small business legislative agenda for the issues that warrant lawmakers’ consideration during this two-year session of Congress. The Small Business Growth Agenda for the 118th Congress includes five key policy areas and the specific policy positions within the agenda are based on the positions of small business owners collected through NFIB’s “one member, one vote” balloting system.
To read the entire NFIB Growth Agenda for the 118th Congress, click here.
NFIB advocates to protect small business owners from tax increases, burdensome paperwork, and unnecessary audits; make permanent the helpful small business and individual provisions of the tax code; and restore lower corporate taxes for smaller businesses.
Significantly increasing the overtime exemption threshold for salaried employees
REGULATORY REFORM and BURDENSOME REGULATIONS
NFIB supports proposals to reform the regulatory process by strengthening small business input and increasing transparency and accountability. NFIB opposes adding new regulatory burdens on small businesses.
Regulatory reform proposals, including the Small Business Regulatory Flexibility Improvements Act, the Guidance Out of Darkness (GOOD) Act, the Guidance Clarity Act, the Independent Agency Regulatory Analysis Act, and expanding Small Business Advocacy Review (SBAR) Panels to all agencies
The Corporate Transparency Act’s (CTA) new Financial Crimes Enforcement Network (FinCEN) reporting requirements beginning January 1, 2024
The Environmental Protection Agency’s (EPA) expanded Waters of the United States (WOTUS) rule
NFIB supports affordable, flexible, and predictable health insurance options for small business owners and their employees.
Empowering small business owners and employees by revising and expanding the Small Employer Health Insurance Tax Credit; expanding access to Health Savings Accounts (HSAs); and equalizing the tax treatment between employer sponsored health insurance and individual coverage
Increasing health coverage options by permanently expanding Individual Coverage Health Reimbursement Arrangements (ICHRAs) and authorizing Association Health Plans (AHPs)
Promoting healthcare affordability through greater price transparency, more competition, and unleashing innovation
NFIB supports commonsense legislative solutions that seek to provide small businesses a level playing field against big business anticompetitive practices.
Ensuring fair competition and accountability on online marketplaces for small businesses and consumers
Kevin Kuhlman NFIB Vice President of Federal Government Relations
“Small businesses are facing economic uncertainty coming out of pandemic restrictions along with historic inflation,” said Kevin Kuhlman, NFIB Vice President of Federal Government Relations. “With the start of the 118th Congress, it is crucial that members of Congress prioritize small businesses and focus on legislation that will strengthen the small business economy.”
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.