NSBA Board Meets in Washington, D.C.

January 31, 2018

On Jan. 29-30, NSBA’s Board of Trustees met in Washington, D.C. where they heard from policy experts, outlined the organization’s goals for 2018 and discussed what’s ahead in small business policy.

The meeting’s activities began on Monday, Jan. 29 with meetings of various NSBA committees to discuss NSBA’s upcoming events, as well as ways to better connect with the NSBA membership. That evening, NSBA held an informal reception for the leadership to network and further discuss key policy priorities.

The next day, the Board of Trustees held the full meeting, led by 2018 Chair Cynthia Kay, owner and president of Cynthia Kay and Co., a media production company in Grand Rapids, Michigan, where they heard from two policy experts on major issues facing the small-business community.

Brian O’Shea,  Senior Director, Center for Capital Market Competitiveness at the U.S. Chamber of Commerce first addressed the Board on legislation making its way through the House, the Counter Terrorism and Illicit Finance Act that would require massive new reporting requirements on small businesses.  A provision in the proposal would require every business in America to file “beneficial ownership” reports with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) or face fines of up to $10,000 and prison sentences of up to three years. Click here for more.

Next up, the Board heard from Jon Breyfogle with the Groom Law Group who is one of the most highly-respected experts in health insurance rules and government regulation of health insurance. Breyfogle gave a detailed history on various Association Health Plan (AHP) proposals—which NSBA has opposed—and then discussed the Department of Labor’s most recent iteration of AHPs in proposed regulations that came out in early-January.

Finally, the Board discussed the upcoming Washington Presentation, held in Washington, D.C. June 11-12, to ensure the event best fits the goals of our members and successfully delivers the organization’s policy priorities to Capitol Hill.