NSBA News
Press
FinCEN pauses certain BOI reporting due to court decision
The Financial Crimes Enforcement Network on Monday announced it would pause collecting beneficial ownership information from certain individuals and businesses in response to a court ruling.
Press
Small business reporting requirement found unconstitutional by Alabama federal judge
In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business.
Press
Small business reporting requirement found unconstitutional by Alabama federal judge
U.S. District Judge Liles C. Burke decided late Friday that the Corporate Transparency Act, a landmark U.S. anti-money laundering law enacted as part of the National Defense Authorization Act for fiscal year 2021, is unconstitutional on the grounds that Congress exceeded its powers in enacting the law — and so the rulemaking stemming from it is unlawful.
Press
Corporate Transparency Act Hits a Snag
On March 1, the US District Court in Northern Alabama ruled that the “Corporate Transparency Act is unconstitutional because it exceeds the Constitution’s limits on Congress’ power.”
Press
Judge Strikes Down Law Requiring Corporate-Ownership Disclosure
A U.S. District Judge in Alabama sided with a small business group, saying the Corporate Transparency Act was unconstitutional.
News
NEWS | House Passes Funding Package
Shutdowns harm small business. Follow NSBA as we track the progress of this funding legislation through consideration in the Senate and...
Press
PRESS | NSBA Response to FinCEN Failure to Apply CTA Ruling Fairly to All Small Businesses
“FinCEN should immediately reverse course and suspend enforcement of the CTA for all until these issues are finally resolved.” FOR...
Press
PRESS | Judge Rules in Favor of NSBA in Lawsuit over Corporate Transparency Act (CTA)
"...the CTA is not only a bureaucratic overreach, but a Constitutional infringement.” FOR IMMEDIATE RELEASE Monday, March 4, 2024...
Press
Judge Rules in Favor of NSBA in CTA Lawsuit
A clear victory for law-abiding small-business owners across the U.S.
Press
Judge’s Ruling Sets Back Law Meant to Fight Money Laundering
An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach.
Press
Corporate Transparency Act Is Unconstitutional, Judge Rules
A federal court in Alabama has ruled that a law requiring companies to report extensive stakeholder ownership information to the government is unconstitutional.
Press
U.S. Corporate Transparency Act: CTA is Declared Unconstitutional in U.S. District Court Case
The Corporate Transparency Act has been declared unconstitutional.
Press
Federal Court Rules New Company Reporting Law Is Unconstitutional
Months after the Corporate Transparency Act—or CTA—went into effect, a federal judge in Alabama has found it unconstitutional.
News
NEWS | Judge Rules in Favor of NSBA in CTA Lawsuit
A clear victory for law-abiding small-business owners across the U.S. Late Friday, March 1, Judge Liles Burke of the U.S. District Court...
News
NEWS | Vets’ Net Webinar: Public and Private Contracts 101
Join NSBA's Vets' Net for a webinar on Wednesday, March 13 at 1:00 p.m. EDT. The NSBA Veterans’ Network will be hosting its next webinar,...
News
NEWS | Tax Deal Still Stalled in Senate
Commitments to common sense tax policy must prevail in Congress to support small business. On Wednesday, after an evening huddle of...
News
NEWS | House Passes Slate of Small-Business Bills
Even with a shutdown looming, Congress prioritized small-business and passed a number of legislative items to the Senate. During...
News
NEWS | Congress Avoids Yet Another Shutdown
Shutdowns harm small business. On Thursday, the House passed a temporary funding bill to avert a Saturday partial US government shutdown,...
News
NEWS | NSBA Pens Letter to CFPB on Credit Card Fees
The Consumer Financial Protection Bureau must complete the required analysis of its impact on small businesses. Last week, NSBA President...
Press
Small biz must be alert to new rule
Operators of some small businesses here and throughout the rest of the country could be facing some unpleasant times if they do not familiarize themselves — and take steps to comply — with a new federal disclosure rule that took effect Jan. 1.
Press
New filing law targets LLCs, shell companies
Some lawyers say they are carrying the brunt of marketing a new law that took effect Jan. 1.
Press
Small businesses must be alert to new rule
Operators of some small businesses here and throughout the rest of the country could be facing some unpleasant times if they do not familiarize themselves — and take steps to comply — with a new federal disclosure rule that took effect Jan. 1.
Press
Navigating new waters: The Corporate Transparency Act’s implications for small businesses
The new reporting requirements could cost small businesses, including those in the irrigation industry, more than $5 billion total nationwide.
News
NEWS | House Chair Pens Letter to President Regarding NSBA Issue Priority
Despite the small-business community’s great need for support, the SBA Chief Counsel role in the Office of Advocacy remains vacant. Ahead...
Press
Majority of Small Business Owners Have Not Filed CTA Paperwork
In line with NSBA membership, a majority of small-business owners have yet to file their beneficial ownership reports now required under the Corporate Transparency Act.
News
NEWS | Tax Deal Faces High Hurdles in Senate
Compromise will be key to ensure common sense tax provisions for small business this year. The bipartisan tax deal faces significant...
Press
PRESS | NSBA Applauds House for Bipartisan Passage of Tax Relief Bill
Much-needed tax relief for small-business. FOR IMMEDIATE RELEASE Feb. 1, 2024 CONTACT | Molly Day 202-552-2904, mday@nsba.biz NSBA...
News
NEWS | CTA Fireside Chat Recording
Think the CTA doesn't affect you? Think again. Last week, NSBA President and CEO Todd McCracken and a team of experts hosted a fireside...
Action Alerts
ACTION ALERT | Urge Congress to Pass Tax Bill
The bill contains small-business tax provisions supported by NSBA. UPDATE | After passage in the House, bipartisan tax deal still faces...
News
NEWS | Shutdown Skirted Again
The carousel never stops turning - at least until March. While Congress has passed another short-term stopgap funding measure extending...
Partners
NSBA Partner - Wolters Kluwer | File Your Beneficial Ownership Reports
Get started on your Beneficial Ownership Information filing today! On January 1, 2024, a new federal reporting requirement went into...
Press
PRESS | NSBA Applauds Bipartisan Support of Tax Relief Bill for Small Businesses
Common sense, functioning tax laws are vital for small business. FOR IMMEDIATE RELEASE Jan. 19, 2024 Contact |Molly Day 202-552-2904...
News
NEWS | Tax Talks Heat Up on Capitol Hill
Congress continues to discuss a tax package, including a number of provisions pertinent to small business. Over the weekend, a bipartisan...
Press
NSBA Member Op-Ed - Guest opinion: New federal government mandate may affect small business owners
This year small businesses around the country, and right here in Alabama, have a new regulation to follow that I bet most of you have never heard of: beneficial ownership information reporting.
News
NEWS | House Passes Res. Overturning NLRB Joint Employer Rule
Supporters of the Resolution say the new joint employer standard could harm jobs and dramatically increase costs to employers and...
News
NEWS | DOL Announces Independent Contractor Rule
Final rule published on classifying workers as employees or independent contractors. Rescinding a 2021 independent contractor rule, the...
News
NEWS | NSBA Fireside Chat - The CTA and Small Business
If you think the CTA doesn't affect you, think again. Join NSBA on Thursday, Jan. 25 at 2:00 p.m. ET for a fireside chat to get the...
News
NEWS | Congress Spending Debate Continues
Shutdowns harm small business. NSBA urges Congress to compromise on a spending plan. Over the weekend, Congressional leaders announced...
News
NEWS | Treasury Opens CTA Portal
Companies may now begin submitting their beneficial ownership information reports. The U.S. Department of the Treasury’s Financial Crimes...
News
NEWS | House Panel Moves Resolution to Block NLRB Joint Employer Rule
Congress is working to create regulatory authority over the NLRB.
News
NEWS | House Small Business Committee Sends Clarification Letter to NLRB
Congress wants clarity from the NLRB.
News
NEWS | NSBA Supports IRS Decision to Delay 1099-K Changes
Joining small-business industry leaders, NSBA applauds the IRS for its common sense decision to delay new, cumbersome 1099-K reporting...
News
NEWS | NSBA Awaiting Judge Ruling on CTA
Unduly burdening small businesses under the CTA is not the way to stem money laundering. Last week, NSBA’s legal team made its oral...
News
NEWS | Small-Business Bills See Action in Congress
Big things happening for small-business legislation on Capitol Hill. Recently, Congress considered the following bills, including some...
News
NEWS | NSBA Hosts Annual Meeting
In conjunction with this quarter’s Board Meeting, NSBA is looking forward to 2024!
News
NEWS | Vets' Net Series Webinar
Part III of our Service to Success Series - watch the webinar any time! On Nov. 16, the NSBA Veterans’ Network hosted its third...
News
NEWS | NSBA Letter: Support CCCA
The Credit Card Competition Act (CCCA) is simple common sense for small business.
Press
PRESS | NSBA, Member Suit Over CTA Begins
The law, if implemented, would require millions of Americans to disclose personal information to the federal government indefinitely.
News
NEWS | NSBA attends NVBDC Veterans Event in Louisville
NSBA loves our corporate partner, NVBDC, and our work together supporting Veterans in small business. Last week, NSBA travelled to...
News
NEWS | House Action Buys Time for Government Funding
Short-term solutions are band-aids to bullet holes, but shutdowns harm small business. Yesterday, the House voted to pass H.R.6363, a...
News
NEWS | Shop Small This Nov. 25!
NSBA is proud to be a supporter of 2023 Small Business Saturday, Nov. 25 the day following Black Friday. With just a few weeks until the...
Press
PRESS | New Survey: CTA Reporting will Cost Small Businesses Nearly $8K in Year One
NSBA's latest survey indicates expensive changes on the horizon for small-business owners. FOR IMMEDIATE RELEASE Tuesday, Nov. 14, 2023...
News
NEWS | End of Year Congressional Outlook
Outlook does not look bad, but it's not looking too good, either. This week, with newly elected Speaker Johnson presiding, Congressional...
News
NEWS | NSBA Joins PPWO in analysis, letter to DOL on EAP Exemption
Millions of employees in almost every industry will be affected by the proposed changes. This week, NSBA sent a letter to the Department...
News
NEWS | FinCEN Issues Final Rule on Beneficial Owners
CTA is not the way to support small business when it comes to stemming money laundering. On Tuesday, Nov. 7, the U.S. Treasury Financial...
News
NEWS | NSBA Sends Letter to Speaker Johnson
NSBA congratulates and looks forward to working with Speaker Johnson.
Partners
NSBA PARTNER CIS | Accelerate Essential Cyber Hygiene for Your Small Business
Think you're too small to experience a cyber attack? That's not the case. In fact, cyber threat actors (CTAs) are increasingly setting...
Press
PRESS | NSBA Congratulates Speaker Johnson
Third week was the charm for the House to find its voice with a new speaker. FOR IMMEDIATE RELEASE Oct. 25, 2023 Contact: Molly Day...
News
NEWS | NSBA Issue Cmte. Updates
Issue committee members are NSBA’s advisors to our Board and Policy Groups. Last Thursday, NSBA held its fourth and final installments of...
News
NEWS | Senate Says No to CFPB Small-Business Data Collection
The nullification of CFPB’s attempt to collect small-business data passed through the Senate 53-44. This week, Sen. John Kennedy (R-La.)...
News
NEWS | NSBA Webinar Recording: Compliance and Cybersecurity Insurance Demystified
Watch NSBA’s webinar with our corporate partner, Judy, any time! On Oct. 17, NSBA and Judy Security hosted a free webinar on the what,...
News
NEWS | Speaker Squabbles Continue in House Republican Conf.
Follow NSBA for the latest from the House on Capitol Hill. UPDATE as of 2:10 p.m. ET Oct. 25, 2023 | Rep. Mike Johnson (R-La.) has been...
News
NEWS | NSBA Issue Cmte. Meetings Continue
If you haven't signed up, join an NSBA Issue Cmte. today! Last Thursday, NSBA held its quarterly Environmental & Regulatory Affairs (ERA)...
News
NEWS | Speaker Elections Commence on Capitol Hill
Stay tuned as NSBA monitors action in the House. *As of 3:00 p.m. Eastern, Oct. 17, 2023. UPDATE | Rep. Jim Jordan couldn’t muster enough...
News
NEWS | NSBA Partner Webinar: Compliance and Cybersecurity Insurance Demystified
Join us for a webinar with Judy next Tuesday – Oct. 17 at 2:00 p.m. EDT! Presented with one of our newest corporate partners, join NSBA...
News
NEWS | NSBA Past Chair Appointed to SBA Fairness Board
Congrats to Marilyn and her continued support for small business.
News
NEWS | NSBA Past Chair Named to SBA Board
NSBA’s own ML Mackey continues to demonstrate her devotion to small-business advocacy across the nation.
News
NEWS | SBA 8(a) Program Application Submissions Resume
Decisions from other court cases are impacting how the SBA is able to process 8(a) applications.
Press
PRESS | A Government Shutdown Harms Small Business
FOR IMMEDIATE RELEASE Sept. 27, 2023 Contact: Molly Day 202-552-2904 mday@nsba.biz A Government Shutdown Harms Small Business Washington,...
News
NEWS | Government Shutdown Likely
Mere hours remain for lawmakers to come to an agreement on spending. As the deadline to pass some kind of Continuing Resolution (CR) to...
News
NEWS | SBA Updates, 2024 Awards Nominations
Updates and opportunities with the SBA. With natural disasters causing lethal and economic destruction, particularly to small...
News
NEWS | CTA Delay and Oral Arguments
Efforts to prevent the Corporate Transparency Act (CTA) from going into effect have ramped up in recent weeks. Yesterday, NSBA sent a...
News
NEWS | House, SBA Focusing Funds for Small Business
More money, less problems for small business. On Wednesday, Sept. 27, the House Small Business Committee will hold a hearing on recouping...
News
NEWS | NSBA Joins PPWO in DOL Letter Requesting OT Comment Extension
More time is needed to analyze and respond to the proposed changes for overtime pay exemptions. This week, NSBA joined the Partnership to...
News
NEWS | CTA Update: New Compliance Guide
#CTA needs a delay - today. On Monday, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) unveiled their...
News
NEWS | NSBA Pres., CEO Todd McCracken Joins Small-Business Panel
Tune in Friday to catch Todd speaking on behalf of NSBA and the nation’s entire small-business community! This week, NSBA President and...
News
NEWS | Government Shutdown in the Forecast for Washington
Capitol Hill is cloudy with a chance of Shutdown for the foreseeable future. As of late Tuesday, House Speaker Kevin McCarthy (R-Calif.)...
News
NEWS | Washington Presentation 2023 Highlights
#WP2023 was a big success for small business! Wrapping after two days of important networking and meetings with key policymakers, NSBA’ s...
News
NEWS | Recent Announcements from the NLRB, Treasury
Decisions providing easier paths to unionization are just the beginning. Recently, the administration has been pushing through several...
News
NEWS | DOL Proposes New Overtime Rules
Labor officials estimate these latest overtime changes will affect nearly 4 million employees. Last week, the U.S. Department of Labor...
News
NEWS | SBA Announces $20M for Small-Business Exporting
NSBA supports opportunities of expanding growth for America’s small businesses and exporters. This week, the U.S. Small Business...
News
NEWS | NSBA Joins Coalition in Letter to Congress on Small-Business Privacy Impacts
NSBA has consistently called for a unified federal approach, rather than the development of a patchwork 50-state system we are now seeing...
Press
PRESS | NSBA Announces Finalists for Advocate of the Year Award
UPDATE: Congrats to our winner Olalah Njenga! Thank you to all of the nominees and all you do for small business! FOR IMMEDIATE RELEASE...
News
NEWS | NSBA Vets’ Net Partner NVBDC Conference Event
Registration for NVBDC’s Business Matchmaking Conference and Night Out is now open! The National Veteran Business Development Council...
News
NEWS | DOJ Continues Efforts to Recover Stolen COVID-19 Funds
The public health emergency may have waned, but the DOJ’s work is “far from over.” Last week, the Justice Department (DOJ) announced the...
News
NEWS | NSBA Publishes New Issue Brief on CCCA
The Credit Card Competition Act would decentralize and permit transaction processing across multiple networks. With only three weeks left...
News
NEWS | NSBA Member, AK Delegation Meet with SBA
Thank you to SBA Administrator Isabella Guzman for taking time to connect with these small-business owners. Last week, NSBA Leadership...
News
VETS' NET | Federal Procurement Webinar
The second installment of NSBA's Veterans' Network Service to Success digital webinar series.
News
NEWS | SBA 8(a) BFPOB Requirement Moratorium Extended
A bona fide place of business (BFPOB) means a location where a participant regularly maintains an office that employs at least one...
News
NEWS | New SBIC Diversification and Growth Rule from the SBA
The SBA will implement regulatory policy reforms to increase access to private equity and debt capital. This month, the U.S. Small...
News
NEWS | Terms in Senate NDAA Aimed at Restoring Valor to Veterans
NSBA is proud to support Veterans and Service Members as they transition to small-business ownership. In late July, the Senate passed its...
News
NEWS | WP2023: Sept. 1 Meetings Registration Deadline
Register by Sept. 1 for NSBA to book your meetings with Congress on Capitol Hill. On Sept. 13 and 14, NSBA will host its annual fly-in,...
News
NEWS | NSBA Hosts Professional Advocacy Webinar
Congress may be out of session, but there’s no recess for small business! This week, NSBA hosted a webinar on “Making Your Small Business...
News
NEWS | Vets' Network: Service to Success Series Pt. II
The next installment of NSBA's Veterans' Network Service to Success series! Join the NSBA Veterans’ Network on Wednesday, August 23 at...
News
NEWS | SBA Enhances Disaster Support for Small Businesses
Expanded resources and processes means more money faster for small businesses and families following disaster. The U.S. Small Business...
News
NEWS | VP Harris Announces 2023 Capital Readiness Grants
43 winners of $125 million under the American Rescue Plan. Last week, Vice President Kamala Harris announced the 43 grant winners of the...
News
NEWS | Senate NDAA Includes Several Wins for Small Business
Ensuring small business is crucial to the security of our nation for their contributions to the economy. Last week, the Senate passed its...
Action Alerts
ACTION ALERT | Urge Lawmakers to Support Tax Fairness
Take two minutes to urge your lawmakers to support the Main Street Tax Certainty Act! When the Tax Cuts and Jobs Act was passed in 2017,...