The National Small Business Association works to promote the interests of small business. In addition to their vigorous lobbying efforts in Washington, D.C., NSBA members benefit from their vast expertise in tax simplification and fairness, procurement, regulatory reform, affordable health care, small business technology funding, and small-business exporting.
NSBA also offers various member-only discounts for critical small-business products including lending and shipping.
This week the NSBA reports on some key legislation affecting small business:
1) An important ACA Reform Bill Passes House & Senate. The “Protecting Affordable Coverage for Employees Act” (S. 1099) passed unanimously and the measure gives states back the flexibility they previously had in determining the size of employers covered by the small group market, allowing them to add market stability and contain premium growth for many small companies. The bill should be sent to the President for his signature at any time. Click link for the full article.
2) New Credit Card Liability is now in Effect. On Oct. 1, 2015, new credit card rules went into effect which will transfer fraud liability to merchants who continue to use old “swipe” credit card processing machines. As such, firms who accept credit card payments have been faced with updating all credit card processing machines to comply with the new cards being issued.
Those firms that did not update their machines by Oct. 1 are now financially liable for any credit card fraud that takes place – a major shift in liability from credit card companies to the companies that accept card payments. Click link to read the entire article.
3) Trans-Pacific Partnership Agreement Reached. After nearly eight years of negotiations, on Oct. 5, the U.S. along with 12 other Pacific Rim nations—Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam—announced the conclusion of their talk and a final agreement on the largest regional trade pact in decades.
The Trans-Pacific Partnership (TPP) covers approximately 40 percent of the global economy and will create a new Pacific economic bloc with reduced trade barriers relating to the flow of everything from beef and dairy products to textiles and data as well as new standards and rules for investment, the environment and labor. Click link for the full article.
“NSBA serves as a solid and reliable nonpartisan resource to policymakers who need to understand the impact of their decisions on small business. We provide an effective and influential voice for small-business owners who otherwise might not be heard,” states Reynolds.
Celebrating its 75th Anniversary in 2012, NSBA continues to advocate on behalf of America’s entrepreneurs. A staunchly nonpartisan organization, NSBA’s 65,000 members represent every state and every industry in the U.S. For more information, visit www.nsba.biz