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Regulatory Rundown

REGULATORY RUNDOWN | Oct. 2

Stay two steps ahead with your small business with NSBA’s Real-Time Regulatory Updates.

News

NEWS | NSBA Applauds Congress for Pursuing Bipartisan Compromise to Avert a Gov. Shutdown

Outlook is optimistic for reaching a consensus on a funding bill to keep the government open after Oct. 1.

News

NEWS | NSBA Supports Dept. of Commerce Resources, Partnership Expansions for Small Business

Functional, practical small-business tools are imperative to NSBA members and opportunities for all Americans.

News

NEWS | NSBA’s Technology Council Holds Annual Meeting

NSBA’s Small Business Technology Council (SBTC) met alongside Washington Presentation 2024.

Press

Corporate Transparency Act: January 1, 2025 Filing Deadline And Recent Developments

This Corporate Advisory provides a brief update on the Corporate Transparency Act (CTA), its reporting requirements and deadlines, and certain recent developments.

Press

As The Corporate Transparency Act Deadline Creeps Closer, FinCEN Updates Guidance

The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement Network (FinCEN). To help companies comply, FinCEN has been rolling out guidance.

Press

PRESS | NSBA Announces Advocate of the Year Award Winner

The results are in - NSBA's 2024 Advocate of the Year is Amy Wood, and LaMar Holliday is our Rising Star! Congrats to all of the advocates!

Press

Corporate Transparency Act: January 1, 2025 Filing Deadline and Recent Developments

Since the passage of the CTA, FinCEN has engaged in CTA outreach through, among other things, the issuance and periodic update of FAQs in an attempt to clarify certain ambiguities raised by the CTA and its final rules.

News

WASHINGTON PRESENTATION 2024 | Live Updates From D.C.

America's Small Business Advocate | Follow us for updates on America's Small Business Fly-In!

News

NEWS | NSBA Sends Letter to ITC on Tariffs

Small business deserves effective policies and practices when it comes to tariffs.

Regulatory Rundown

REGULATORY RUNDOWN | Aug. 26 - Sept. 9, 2024

Stay two steps ahead with your small business. Subscribe to receive NSBA’s Real-Time Regulatory Updates.

Press

The Final Countdown: Major CTA Reporting Deadline Rapidly Approaching

Barring any unforeseen changes, the Corporate Transparency Act's (CTA) major reporting deadline arrives on January 1, 2025.

News

NEWS | House Committee Continues Work for Small Business

NSBA applauds the House Small Business Committee’s commitment to productively legislating for improved small-business policy.

Press

PRESS | NSBA Announces Finalists for Advocate of the Year Award

NSBA salutes small business with the Advocate of the Year Award - today and every day.

Press

BANK SECRECY ACT—11th Cir.: Government and NSBA offer starkly contrasting views on CTA in supplemental briefing, (Sep 9, 2024)

The government said the plaintiffs failed to show the Corporate Transparency Act lacked any valid constitutional application, but the plaintiffs countered that the district court found the statute wholly invalid on Fourth Amendment grounds.

News

NEWS | NSBA Leads Coalition Letter to Delay CTA Filing Deadlines

The Corporate Transparency Act (CTA) is an unconstitutional law imposing undue burdens on small business.

Press

PRESS | NSBA Responds to VP Harris Small Business Tax Proposal

“The state of taxes in our country is weighing heavily on small businesses...."

Press

Lifting The Veil: Corporate Transparency Act Compliance for EB-5 Stakeholders

The EB-5 compliance landscape is facing a new regulatory horizon with the introduction of the Corporate Transparency Act (CTA).

Press

Businesses Aren’t Confident About Corporate Transparency Act Compliance

U.S. businesses are not feeling confident about compliance with the Corporate Transparency Act (CTA)—that's according to research from Corporation Service Company (CSC), a provider of global business administration and compliance solutions.

Partners

NSBA PARTNER: IHG | New Suites Brand Prototype Variations with Enhanced Flexibility for Business Travelers 

Big deals and savings for small business with NSBA's Corporate Partner, IHG Hotels & Resorts!

Regulatory Rundown

REGULATORY RUNDOWN | Aug. 28, 2024

Stay two steps ahead with your small business. Subscribe to receive NSBA’s Real-Time Regulatory Updates.

News

NEWS | Federal Judge Overturns FTC Bans on Noncompetes

Federal agencies and authorities must come together for small business to balance the necessity and hindrances of noncompete and nondisclosu

News

NEWS | NSBA Hires New Director of Research & Regulatory Policy

Welcome Rachel Grey and her regulatory expertise to support small-business with NSBA!

Press

IN MEMORIAM | Life and Legacy of Ron Cohen

Dedicating his life and work to the service of Small Business, NSBA remembers Mr. Ronald Cohen.

News

NEWS | Cong. Nunn Introduces Legislation to Delay CTA Disclosure Deadlines 

NSBA applauds Rep. Nunn and the supporters of his bill to reform the Corporate Transparency Act.

Press

PRESS | NSBA Testifies Before Congress on Exporting for Small and Rural Businesses

"The excitement over the potential benefits of exporting is not simply anecdotal but is also borne out in the data."

News

NEWS | Senate Action on Tax Deal Ahead of August Recess

An NSBA Priority Issue, small business commends Senate supporters of a path forward for this important tax bill.

News

NEWS | NSBA Leads CTA Letter with Small-Business Support

NSBA and small business support congressional efforts to reform the Corporate Transparency Act (CTA).

Press

Congressman McCormick Champions Changes to Corporate Transparency Act to Protect Community Associations

Congressman McCormick authors H.R. 9045 to amend the Corporate Transparency Act (CTA) that would exempt Community Associations and Homeowner's Associations (HOAs) from burdensome reporting requirements.

Press

FinCEN Adds to FAQs on Company Ownership Information Reporting

*Subscription required. A Treasury Department unit added to its list of questions and answers Wednesday on how companies should comply with new requirements to disclose more about their ownership.

Press

FinCEN Updates FAQs For Beneficial Ownership Information Reporting

FinCEN has been rolling out guidance tied to the Corporate Transparency Act—including new FAQ information posted as of July 24, 2024. Here’s a look at the updated guidance—and some related provisions.

Partners

NSBA PARTNER | New NSBA Hotel Discounts Through IHG

IHG Hotels & Resorts: Elevating the Guest Experience & Expanding Globally

News

NEWS | NSBA Leads Coalition for Tax Relief in Congress

There's no Recess for small business - especially when it comes to fighting for common sense tax policy.

Press

PRESS | NSBA Trustee Testifies Before Congress

Bill Belknap Testifies Before Congress on Federal Contracting and Veteran-Owned Businesses

News

NEWS | NLRB Concedes to Injunction Over Changes to Joint-Employer Rule

The NLRB has ended its efforts to eliminate an injunction over its latest joint-employer rule.

Press

New FAQs And Legal Updates Impact Embattled New Company Reporting Law

The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement Network (FinCEN). FinCEN has been rolling out guidance, including new FAQ information. And, the CTA has been challenged in court. Here’s what you need to know.

News

NEWS | NSBA Board Nominations, Applications Now Open

Applications for NSBA's next class of Trustees are due Aug. 9!

News

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.

Press

Corporate Transparency Act: Where It Stands & Lessons Learned

With some exceptions, companies should assume they need to report beneficial ownership.

Press

Federal District Court Rules Corporate Transparency Act Unconstitutional, Only Enjoins Actions Against Plaintiffs: What's Next, Given You Weren't A Plaintiff?

Given a $500.00 per day penalty for non-compliance, it remains prudent practice to continue to abide by the reporting requirements set forth under the CTA until additional guidance becomes available.

News

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

NSBA applauds recent efforts across Washington to expand access to capital for small businesses.

Press

California Senate Passes State's Version Of Corporate Transparency Act

Under SB 1201, BOI for in-scope companies would be published in a publicly available database. In contrast, the CTA limits access to BOI to certain governmental and supervisory entities.

News

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.

News

NEWS | Proposed Legislation Would Support AI Training

Senators are considering new skills and training on AI for small-business owners.

Press

Treasury Department Pushes Back Against State Efforts to Dissolve CTA

The states, led by West Virginia, have expressed concern that the CTA overreaches because it “takes an unprecedented swipe at the quintessentially state-controlled area of corporate law.”

Press

FinCEN Adds to FAQs on Compliance With Ownership-Disclosure Rule

*Subscription required. A Treasury Department unit added to its list of questions and answers Monday on what companies should do to comply with new requirements to disclose more about their ownership.

News

WEBINAR | Veterans' Webinar with the SBA

Watch this recording any time, discussing the ins-and-outs of veterans' small business issues.

News

NEWS | NSBA Supports House Cmte. Investigation

Federal regulations affecting small business must be accountable to this important community.

News

MEMBER SPOTLIGHT | Kerry Smith, CNR

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

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.

News

NEWS | FTC Announces Non-compete Rule Affecting Small Business

NSBA supports flexibility for small-business owners when it comes to non-compete policies.

News

NEWS | Exporting Webinar from NSBA

Watch this "nutty" webinar from NSBA, Ex-Im Bank, and BNutty any time!

Press

Case: Federal District Court Finds Corporate Transparency Act is Unconstitutional (N.D. Ala.)

*Subscription required. A federal district court found the Corporate Transparency Act (CTA) is unconstitutional, entering a declaratory judgment for Plaintiffs and permanently enjoining the government from enforcing the CTA against Plaintiffs.

Press

Democrats push back against Corporate Transparency Act ruling

Congressional Democrats are urging the Eleventh Circuit to resurrect a law for combating money laundering after a federal court in Alabama called the statute unconstitutional.

Press

FinCEN Notice: Corporate Transparency Act Will Continue to Be Implemented

*Subscription required. While litigation is ongoing in the case of Nat’l Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala. 2024), FinCEN will continue to implement the Corporate Transparency Act as required by Congress, while complying with the court’s order, FinCEN stated.

Press

The Corporate Transparency Act - Case Law Update and Determining Beneficial Owners

Federal District Court Case Rules the CTA Unconstitutional – But Most Companies Still Must Comply

Press

National Community Pharmacists Association

NCPA joins trade orgs calling for Congress to repeal Corporate Transparency Act

Press

Corporate transparency: New federal law imposes reporting requirements on some businesses

*Subscription required. Small business here. Had no idea. Just had to research and find the link to report.

Press

Republicans Float Bill to Repeal Corporate Transparency Act

A group of Congressional Republicans introduced a bill to repeal the Corporate Transparency Act of 2021, citing much-criticized requirements in the law for businesses to report ownership information.

Press

House Small Business Committee hearing Under the Microscope: Examining FinCEN's Implementation of the CTA

Nearly half of small business owners so they had no idea what the Corporate Transparency Act is and had never heard of the government agency FinCEN. And suddenly, they are getting something in the mail asking for personal information with the threat of massive fines if they do not comply.

News

NEWS | Hill Action to Repeal CTA

This week, legislation was introduced in the House calling to repeal the Corporate Transparency Act.

News

NEWS | Watch the NSBA Independent Contractor Webinar Recording

Watch NSBA's webinar on the New Independent Contractor Rule any time.

Press

PRESS | NSBA Testifies Before Congress on Why CTA is Bad for Small Business

NSBA Testifies Before Congress on Why CTA is Bad for Small Business

News

NEWS | DOL Releases New Overtime Rule  

NSBA is closely tracking overtime rule developments for impacts and effects on small business.

Partners

NSBA PARTNER WEBINAR | By the Numbers: How AI Eases IT Overwhelm

Join NSBA Partner, GoTo, for a webinar on "How AI Eases IT Overwhelm."

Press

FinCEN Says Access to Company-Owner Info to Start This Spring

*Subscription required. Federal agencies and others who plan to use newly disclosed information on companies’ ownership will start to get access to the information this spring, a Treasury Department unit said Thursday.

News

NEWS | NSBA Supports Congressional Efforts to Limit Effects of CTA

H.R. 7963 will require the Treasury to improve small-business communications on reporting.

News

NEWS | SBTC Executive Director Jere Glover Testifies Before House on SBIR

On April 16, 2024, SBTC Executive Director Jere Glover was invited to testify before a House Small Business Subcommittee.

Press

US Seeks to Revive Corporate Transparency Law Ruled an Overreach

*Subscription required. US officials pushed an appeals court to resurrect an anti-money laundering statute after it was invalidated for exceeding Congress’ power to regulate commerce.

Press

PRESS | NSBA Statement on Joint-Employer Action in Senate

NSBA applauds the Senators who supported legislation to roll-back the Joint-Employer regulations.

Press

AICPA: BOI ruling confuses businesses; enforcement should be delayed

The AICPA and over 50 state CPA societies have written to the Treasury secretary and the director of the Financial Crimes Enforcement Network (FinCEN) asking that enforcement of beneficial ownership information (BOI) reporting requirements be suspended until one year after court cases have been resolved.

Press

CTA puts new reporting requirements on farmers

The Corporate Transparency act requires small business entities to file online reports disclosing information about their beneficial owners.

News

NEWS | NSBA Webinar on New Independent Contractor Rule

How the New Independent Contractor Rule Will Impact Your Small Business. Join us April 25 at 1:00 p.m.!

News

NEWS | NSBA to Host Digital Economy Webinar on AI, Blockchain

Empowering Small Business Through AI and Blockchain. Join us on April 10 at 2:00 p.m.!

News

NEWS | NSBA Continues Urging Passage of Tax Relief for American Families and Workers  

Reinstating Section 174 R&D tax provisions is vital to small business.

News

NEWS | House Committee Advances Small-Business Legislation  

The Prove It Act is meant to bolster small-business protections required under the RFA.

News

NEWS | Federal Funding Secure Through the Next Six Months 

Shutdowns harm small businesses. NSBA applauds Congress for reaching a compromise.

Press

Treasury Stares Down Another Challenge To CTA After Michigan Plaintiffs File Suit

A second lawsuit challenging the Corporate Transparency Act (CTA) has been filed—this time, in a Michigan court. Small businesses are pushing back, citing compliance costs, estimated to be $21.7 billion in 2024.

Press

SBAM Taking Legal Action Against Corporate Transparency Act

The Small Business Association of Michigan is taking legal action against the invasive and unconstitutional Corporate Transparency Act

Press

Corporate Transparency Act: Steps To File An Initial BOIR

The steps in the BOIR filing process outlined below require detailed and thoughtful analysis of how the often-complex CTA rules apply to an entity’s unique facts and circumstances. Familiarity with the CTA's regulations is necessary to properly comply with BOIR obligations.

Press

Department of Treasury Appeals Alabama Corporate Transparency Act Decision

The lower court’s decision, previously covered by Butler Snow here, determined that the CTA does not fall within Congress’s enumerated powers and is therefore unconstitutional.

Press

U.S. District Court: The Corporate Transparency Act is Unconstitutional…for Some Businesses

The Final Rule, published by the Financial Crimes Enforcement Network (“FinCEN”) on September 30, 2022, was challenged just six weeks later when Plaintiffs Isaac Winkles and the National Small Business Association (“NSBA”) filed suit in the United States District Court for the Northern District of Alabama alleging that Congress lacked authority under the Constitution to enact the CTA’s mandatory disclosure requirements.

Press

Exercise Caution in Corporate Transparency Act Compliance Matters

Threat actors never miss an opportunity to use recent events to infect computer systems or quickly and easily gather personal information. The Corporate Transparency Act (“CTA”) is just such an opportunity and businesses and individuals subject to the act need to be wary.

Press

Court Finds Corporate Transparency Act Unconstitutional and Unenforceable as to NSBA Members

On March 1, 2024, the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (“CTA”) is unconstitutional.[1] The CTA requires many U.S. entities to disclose their individual beneficial owners in a report filed with the U.S. Treasury.

Press

PRESS | NSBA Responds to House Cmte. Action on Independent Contractor Standard

NSBA commends Congress for progressing legislation to block unnecessarily burdensome worker classification regulations. FOR IMMEDIATE...

News

NEWS | Funding for Several Federal Sectors Expires Friday

Shutdowns harm small business. MARCH 20 | Congress is facing yet another shutdown, with the latest looming deadline of Friday fast...

Press

Condo Adviser: Corporate Transparency Act imposes reporting requirements on community associations

Confusion caused by an unconstitutional and poorly written law.

Press

Corporate Transparency Law Challenged Again, This Time in Maine

A Maine resident is suing the Treasury Department, arguing that the Corporate Transparency Act and its beneficial ownership requirements are unconstitutional.

News

NEWS | NSBA Vets' Net Webinar

Contracting 101 - the fourth installment of our Service to Success webinar series! On Wednesday, March 13, 2024, the NSBA Veterans’...

Press

Small biz advocacy group wins court challenge against the Corporate Transparency Act

The National Small Business Association has successfully challenged a law designed to combat money laundering but that small businesses contend is too burdensome.

News

NEWS | U.S. Dist. Court Blocks NLRB Joint-Employer Rule  

Follow NSBA as we continue tracking changes to the NLRB’s joint-employer rule.

News

NEWS | NSBA Signs Letter on Overtime Pay Flexibility Act  

Owners and employers should have the flexibility to choose options best for their small businesses. This month, NSBA joined more than 80...

Press

Government Files Notice Of Appeal After Corporate Transparency Act Deemed Unconstitutional

After a U.S. District Court ruled that the Corporate Transparency Act was unconstitutional, the government is appealing, potentially setting up a showdown in the Supreme Court.

News

NEWS | NSBA Member Briefing on CTA Lawsuit Victory

"...the Eleventh Circuit...can now affirm the ruling we obtained from the Northern District of Alabama that the CTA is unconstitutional."

Press

Biden administration appeals ruling blocking anti-money laundering rules

The Biden administration on Monday appealed a federal judge’s ruling that blocked Treasury rules intended to crack down on anonymous shell companies, escalating the legal battle over a years-old anti-money laundering law.

Press

NSBA Response to DOJ Appeal of CTA Ruling

“The federal government had no choice but to appeal. We are glad that it did...."

Press

PRESS | NSBA Response to DOJ Appeal of CTA Ruling

“The federal government had no choice but to appeal. We are glad that it did...." FOR IMMEDIATE RELEASE Tuesday, March 12, 2024 CONTACT |...

Press

PRESS | Small Business Reaction to State of the Union

"...calling focus to entrepreneurship and the ability for Americans to start, run and grow their own business is certainly welcome." FOR...