National Federation of Independent Business
Recent News About National Federation of Independent Business
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The National Federation of Independent Business (NFIB) has joined a lawsuit challenging the Department of Labor’s (DOL) final overtime rule. Filed in the U.S. District Court for the Eastern District of Texas, the lawsuit aims to block the implementation of the new rule set to take effect on July 1, 2024.
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The National Federation of Independent Business (NFIB), a prominent small business advocacy organization, has announced its support for S.J. Res. 58, a Congressional Review Act (CRA) resolution aimed at repealing the Department of Energy's (DOE) final rule on gas furnace efficiency standards. The NFIB will consider this resolution as a Key Vote for the 118th Congress.
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Rob Smith, Senior Attorney for NFIB’s Small Business Legal Center, testified before the U.S. House Committee on Small Business in a hearing titled “Burdensome Regulations: Examining the Biden Administration’s Failure to Consider Small Businesses.” Smith discussed the financial and negative impact government regulations and red tape have on small businesses.
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NFIB argues against final rule on workplace inspections
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The National Federation of Independent Business (NFIB) has filed an amicus brief in the case National Small Business United, et al. v. U.S. Department of Treasury at the U.S. Court of Appeals for the Eleventh Circuit. The case revolves around the Corporate Transparency Act (the Act), which established beneficial ownership reporting requirements, and questions Congress's authority to regulate noneconomic activity under the Commerce Clause.
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Small businesses have expressed disappointment over the recent U.S. Supreme Court decision in the case of Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The court ruled that the funding mechanism for the Consumer Financial Protection Bureau (CFPB) is in compliance with the Constitution’s Appropriations Clause.
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On May 15, 2024, the National Federation of Independent Business (NFIB) filed an amicus brief in the case Ryan, LLC. v. Federal Trade Commission (FTC) at the U.S. District Court for the Northern District of Texas. The brief supports a challenge to the FTC’s final rule banning noncompete agreements, arguing that the FTC lacks authority to implement such a ban.
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WASHINGTON, D.C. (May 14, 2024) – The Small Business Optimism Index, as reported by the National Federation of Independent Business (NFIB), saw a marginal increase of 1.2 points in April to reach 89.7. Despite this being the first rise this year, it also marks the 28th consecutive month below the half-century average of 98. A notable 22% of owners highlighted inflation as their primary business concern, a slight decrease from March but still ranking as the top issue for small businesses.
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New Jersey is currently evaluating a legislative proposal that would require employers, regardless of size, to establish a heat safety plan.
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The National Federation of Independent Business (NFIB), the leading small business advocacy organization in the United States, has launched a nationwide paid advertising campaign. The campaign, which features targeted radio ads, thanks specific members of Congress for their support in making the 20% Small Business Deduction permanent by passing the Main Street Tax Certainty Act.
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The National Federation of Independent Business (NFIB) has expressed disappointment over the recent decision by the U.S. Supreme Court in the case Culley v. Steven Marshall, Attorney General of Alabama. The case pertains to civil asset forfeiture and the Due Process Clause.
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NFIB Principal of Federal Government Relations, Andrea McGee, recently penned an op-ed in the Washington Examiner highlighting the significance of right-to-repair initiatives for small and independent auto shops. McGee emphasized the impact of technological advancements in the auto industry on small businesses, stating, "For decades, auto manufacturers have acted in good faith after agreeing to a memorandum of understanding with independent repair shops."McGee pointed out the challenges faced by independent repair shops due to the increasing computerization of cars, which...
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In the latest NFIB monthly jobs report released on May 2, 2024, it was revealed that small business job openings have seen a rise in April, indicating a challenging labor market environment.According to NFIB Chief Economist Bill Dunkelberg, "Hiring plans among small businesses increased once again in April, but open positions remain largely unfilled as owners struggle month after month to find employees." This statement reflects the ongoing issue of unfilled job openings as the labor market continues to remain tight.The report highlighted that 40% of small business...
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WASHINGTON, D.C. (April 29, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, expressed its support for legislation introduced by Sen. Tommy Tuberville (AL) and Rep. Warren Davidson (OH-08) to repeal the Corporate Transparency Act (CTA). The legislation aims to relieve small businesses from burdensome reporting requirements related to beneficial ownership information.Jeff Brabant, NFIB Vice President of Federal Government Relations, highlighted the significance of repealing the CTA, stating,...
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WASHINGTON, D.C. (April 25, 2024) – The National Federation of Independent Business (NFIB) has expressed strong opposition to the U.S. Federal Trade Commission’s (FTC) final rule on non-compete clauses. Beth Milito, Executive Director of NFIB’s Small Business Legal Center, voiced concerns about the potential negative impact of the rule on small business owners.Milito highlighted the challenges that small business owners may face under the new rule, stating, "Without teams of compliance officers and lawyers at their disposal, this rule’s vaguely defined and open-ended...
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Washington, D.C. (April 23, 2024) – The National Federation of Independent Business (NFIB) has expressed concerns over the U.S. Department of Labor’s (DOL) new overtime rule, which increases the minimum salary threshold for exempt employees.In a statement, Beth Milito, Executive Director of NFIB’s Small Business Legal Center, criticized the rule, stating, “This rule is another costly hoop for small business owners to jump through. Small businesses will need to spend valuable time evaluating their workforce to properly adjust salaries or reclassify employees in accordance...
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WASHINGTON, D.C. (April 22, 2024) – The National Federation of Independent Business (NFIB) has filed an amicus brief challenging the Federal Trade Commission’s authority in the case of Intuit, Inc. v. Federal Trade Commission at the U.S. Court of Appeals for the Fifth Circuit. The brief questions the FTC’s adjudicative process and its compliance with the Constitution. NFIB submitted the brief in collaboration with the U.S. Chamber of Commerce.Beth Milito, Executive Director of NFIB’s Small Business Legal Center, expressed concerns about the FTC’s actions, stating, "The...
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Small business owner Michael Ervin has penned an op-ed urging Congress to make the Small Business Deduction permanent. Ervin, the owner of Coal River Coffee Company in West Virginia, highlighted the importance of this deduction in a piece published by The Washington Times.Ervin emphasized the impact of the Small Business Deduction on his own business, stating, “My small business is living proof that the tax deduction works wonders and is key to economic revitalization.” He further explained how the deduction provided him and his wife with the confidence to start their own...
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WASHINGTON, D.C. (April 18, 2024) – The National Federation of Independent Business (NFIB) has voiced its strong support for legislation aimed at preventing an electric vehicle (EV) mandate that could impact small businesses. NFIB's Senior Vice President for Advocacy, Adam Temple, emphasized the importance of allowing businesses and consumers to make their own choices, stating, "Small business owners believe that businesses and consumers should be free to make their own decisions on which vehicle works best for their needs and operations."Temple further explained the...
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NFIB President Brad Close, in an editorial published in The Wall Street Journal, emphasized the significance of the 20% Small Business Deduction for Main Street businesses across the nation. Close urged Congress to pass the Main Street Tax Certainty Act in order to provide stability and support for small businesses.Close highlighted the impact of the Small Business Deduction, stating, "The deduction, which about nine in 10 small businesses use, allows for a 20% deduction of qualified business income. It’s the biggest tax cut for small businesses in history, helping level...