National Federation of Independent Business
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Recent News About National Federation of Independent Business
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Small business optimism decreased in August as uncertainty levels grew
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The National Federation of Independent Business (NFIB), the nation's leading small business advocacy organization, led 50 trade associations in sending a letter to leaders of the House Committee on Small Business. The coalition is requesting legislative action to provide regulatory relief and reduce red tape for small businesses.
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The National Federation of Independent Business (NFIB) released its August jobs report, revealing that 40% of small business owners reported job openings they could not fill, a two-point increase from July. The issue of labor quality as the top operating problem for small businesses also rose by two points to 21%, marking the highest level since January.
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The U.S. District Court for the Northern District of Texas has ruled against the Federal Trade Commission's (FTC) rule banning non-compete agreements, deeming it unlawful. The decision was made in the case Ryan, LLC v. Federal Trade Commission, where the court determined that the FTC's rule exceeded its statutory authority and should not be implemented or enforced.
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The National Federation of Independent Business (NFIB) has filed an amicus brief in the case E.M.D. Sales, Inc. v. Faustino Sanchez Carrera at the United States Supreme Court. The case addresses the standard of proof required to determine if an exemption to employers' overtime pay requirements applies under the Fair Labor Standards Act (FLSA). NFIB collaborated with the U.S. Chamber Litigation Center on this brief.
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The National Federation of Independent Business (NFIB) has issued a statement regarding the impending expiration of the 20% Small Business Deduction. Jeff Brabant, NFIB Vice President of Federal Government Relations, highlighted the potential impact on small business owners if Congress does not act within the next 500 days.
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NFIB Research Center Executive Director Holly Wade joined Bloomberg's "The Close" for an exclusive interview to discuss the results of NFIB’s latest Problems and Priorities survey. Using data from the report, Wade analyzed how uncertainty over future economic conditions continues to impact small business owners in how they operate their businesses and prepare for the months ahead.
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The National Federation of Independent Business (NFIB), a prominent small business advocacy organization, has launched a new national advertising campaign across 24 states. The campaign includes targeted radio, digital, and video ads urging Congress to pass the Main Street Tax Certainty Act to make the 20% Small Business Deduction permanent.
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The National Federation of Independent Business (NFIB) released the 11th edition of its quadrennial report, Small Business Problems and Priorities. First published in 1982, this report is issued every four years by the NFIB Research Center. The 2024 report is based on a nationwide survey of small business owners, providing a comprehensive guide to 75 issues and their impact on Main Street.
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Inflation remained the number one operating issue for small business owners in July.
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Small businesses are feeling optimistic about future business conditions
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The Washington Times published an op-ed by Jeff Brabant, NFIB’s Vice President of Federal Government Relations, addressing the detrimental effects of the Corporate Transparency Act’s (CTA) beneficial ownership (BOI) reporting requirements on small businesses. Brabant articulates that the mandate, which compels small business owners to register their personal information with the Financial Crimes Enforcement Network (FinCEN), imposes an undue burden on Main Street enterprises.
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NFIB Jobs Report: Main Street Compensation Plans Fall As Labor Costs Grow
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The National Federation of Independent Business (NFIB) has submitted an amicus brief to the U.S. Supreme Court in the case City and County of San Francisco, California v. Environmental Protection Agency (EPA). The case examines whether the Clean Water Act (CWA) permits the EPA or an authorized state to enforce generic prohibitions within National Pollutant Discharge Elimination System (NPDES) permits, which could hold permit holders accountable for water quality standard violations without specifying discharge limits.
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The U.S. Supreme Court recently concluded its 2023-2024 term, which included several rulings significantly impacting small businesses and the Main Street economy. The National Federation of Independent Business (NFIB) participated by filing amicus briefs in 12 cases, five of which were decided in favor of small businesses, including a pivotal ruling that overturned Chevron.
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NFIB’s Holly Wade Discusses Small Business Outlook on Yahoo! Finance
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The NFIB Small Business Optimism Index reached its highest reading of the year in June at 91.5, a one-point increase from May. The index last surpassed this figure in December 2023 when it hit 91.9. Despite this uptick, the index remains below the historical average of 98 for the 30th consecutive month. Inflation continues to be the primary concern for small businesses, with 21% of owners identifying it as their most significant operational challenge, down one point from May.
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NFIB Monthly Jobs Report: Job Openings on Main Street Fall in June
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The U.S. Supreme Court has ruled in favor of small business owners in the case of Corner Post, Inc. v. Board of Governors of the Federal Reserve System, determining when the six-year statute of limitations to challenge an agency rule under the Administrative Procedure Act (APA) begins.
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The National Federation of Independent Business (NFIB), the leading small business advocacy organization in the United States, has sent a letter to members of Congress expressing support for H.R. 358, known as the Small Business Regulatory Flexibility Improvements Act (SBRFIA). This legislation aims to ensure that federal agencies fully consider the impact of regulations on small businesses by addressing loopholes in the existing Regulatory Flexibility Act (RFA).