SBA Budget Approved by Appropriations Committee

September 20, 2011

The U.S. Senate Committee on Appropriations recently approved legislation appropriating $955.3 million for the U.S. Small Business Administration (SBA) for Fiscal Year (FY) 2012. The amount is only three percent less than the $985 million budget request of President Barack Obama. If approved by the full Senate, this would grant the SBA...

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NSBA Testifies On Medium-Sized Contracting Bill

September 13, 2011

The National Small Business Association testified this week before the U.S. House Committee on Small Business, cautioning against proposed legislation that would create a contracting pilot program for medium-sized businesses. The hearing, “Beyond the Size Standards: Sustainability of Small Business Graduates”is focused on the Small Business Growth Act (H.R. 1812), introduced by...

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Fed Weakens Final Swipe-Fee Rule

July 6, 2011

Bowing to an intense advocacy campaign by the banking lobby, the Board of Governors of the U.S. Federal Reserve (Fed) adopted June 28 a final swipe-fee reform rule that significantly varied from its proposed rule and represented a windfall for big banks. The Fed was required to implement a rule...

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Feds Just Shy of Small-Biz Contracting Goal

June 28, 2011

The U.S. government awarded 22.7 percent of federal contracting dollars to small businesses in Fiscal Year 2010 (Oct. 1, 2009 – Sept. 30, 2010), according to the U.S. Small Business Administration’s (SBA) fifth annual small business procurement scorecard. While this represents the largest single year increase in more than five...

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Senate to Vote Today on Swipe-Fee Reform Delay

June 8, 2011

The U.S. Senate is expected to vote today on an amendment that would delay the implementation of the swipe-free reform mandated by the NSBA-supported amendment to the Restoring American Financial Stability Act (S. 3217), introduced by Sen. Whip Dick Durbin (D-Ill.). The Durbin amendment required the U.S. Federal Reserve (Fed)...

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Study Warns of Risks from Small-Biz Credit Cards

May 24, 2011

A new report, “U.S. Households at Risk from Business Credit Cards,” by the Pew Charitable Trusts (Pew) echoes the warnings about small-business credit cards that NSBA has sounded since before Congress enacted the Credit CARD Act of 2009. Although strongly supportive of the overall legislation, NSBA urged Congress at the time to...

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New Small-Biz Credit Card Survey

May 10, 2011

While the U.S. Congress was crafting and considering the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009, NSBA argued that its protections against the most egregiously “unfair” and “deceptive” practices of the credit-card industry also should be extended to small-business credit cards. NSBA maintained that—for the most part—the cards used by...

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Fed: Credit Improving for Small Business

May 10, 2011

Yesterday, Federal Reserve Governor Elizabeth Duke claimed that recent anecdotal evidence suggested that conditions were improving for small businesses, saying: “Although no definitive data source exists, the combination of a variety of recent survey results paints a picture of increasing optimism about future sales and business conditions and a corresponding...

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Bill Increasing Credit Union Lending Introduced

March 29, 2011

Sen. Mark Udall (D-Colo.) recently introduced legislation that would increase the cap on credit union business lending from 12.25 percent of a credit union’s assets to 25 percent of total assets. The Credit Union National Association estimates that these reforms will increase small-business lending by $10 billion within the first...

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Bills Introduced to Delay Swipe Fee Reform

March 23, 2011

The U.S. Federal Reserve (Fed) in Dec. 2010 proposed new rules limiting the size of the fees banks can charge businesses every time a debit card is used to pay for a good or service. The Fed was required to address debit-card swipe fees thanks to an NSBA-supported amendment, introduced...

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