February 19, 2020

Nationwide Launches New Digital Storefront

NSBA partner Nationwide has launched a commercial digital storefront where small-business owners can generate a policy quote in minutes, either online or through an agent. 

February 19, 2020

SBA Office of Advocacy Tax Roundtable

On Friday, Feb. 21, the SBA Office of Advocacy will hold a Small Business Tax Roundtable in Washington, D.C to discuss the qualified business income deduction.

February 19, 2020

SEC to Update “Accredited Investor” Rule

On Dec. 18, 2019, the Securities and Exchange Commission (SEC) voted to propose amendments to the definition of “accredited investor,” one of the principal tests for who is eligible to participate in private capital markets. The proposed rule—Amending the “Accredited Investor” Definition—seeks to update and improve the definition to more effectively identify institutional and...

February 12, 2020

FY2021 Budget: Cuts to SBA

On Feb. 10, President Trump released his Fiscal Year (FY) 2021 Budget proposal which details plans for defense and non-defense discretionary spending. The budget blueprint outlines $4.8 trillion in annual spending and estimates the deficit would be cut in half by 2024, however such a drop is unlikely given the steep spending cuts Trump proposed for many agencies and somewhat unrealistic...

February 12, 2020

SBA Lending Rule Changes

Late last week, Senate Committee on Small Business and Entrepreneurship Chair Marco Rubio sent a letter to SBA Administrator Jovita Carranza calling for a delay to an interim final rule on SBA express loans. In his letter, he states, “I am deeply concerned that this rule will have a detrimental impact on America’s 30 million small...

February 12, 2020

House Small Business Committee Hearings

The House Committee on Small Business is holding two hearings this week: one on innovation and small-business collaboration with universities; the other on employee-owned small businesses. Innovation Pipeline ON Tuesday, Feb. 11, the Committee held a hearing, “The Innovation Pipeline: From Universities to Small Businesses,” focusing on the close relationships and frequent collaboration between small businesses and research universities. Among...