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U.S. House and Senate Introduce Legislation to Repeal Small Business Beneficial Ownership Registry

by Lander Chamber | May 16, 2024 | Advocacy, Chamber Blog, Member Support, NFIB Update

Small businesses support legislation to relieve the burdensome information reporting requirement There is still time to make your voice heard. The U.S. House Small Business Committee will hold a hearing on beneficial reporting information (BOI) requirements on...

Federal Government’s Credit Card Late Fees Rule Put on Pause

by Lander Chamber | May 15, 2024 | Advocacy, Chamber Blog, Government Relations, US Chamber News

75% of credit card users pay their bills on time. This CFPB rule would punish those who pay on time by raising their costs to cover those who don’t. On May 10, the U.S. Chamber of Commerce scored a major win for the business community against federal agencies’...

New Overtime Rule Hurts Small Businesses

by Lander Chamber | May 1, 2024 | Advocacy, Chamber Blog, Member Support, NFIB Update

Final rule will increase the minimum salary threshold The U.S. Department of Labor (DOL) released a new overtime rule that will add burdensome requirements for small business owners. The final rule will raise the salary threshold for overtime pay eligibility....

The US Federal Government Bans Non-Compete Agreements 

by Lander Chamber | Apr 26, 2024 | Advocacy, Chamber Blog, Government Relations, Member Support

SUMMARY In April 2024, the FTC banned non-compete agreements, allowing employees more freedom to move between jobs without restrictions on disclosing trade secrets Non-compete agreements, meant to protect company interests, had been criticized for trapping low-wage...

New Federal Reporting Requirement for Small Business Owners Struck Down; DOJ Says Rule Still in Effect

by Lander Chamber | Mar 12, 2024 | Advocacy, Chamber Blog, Government Relations, Member Support

New federal rules that went into effect in January and require more than 32 million businesses to report the personal information of business owners to a new federal database have been struck down, though the Department of Justice is insisting that the rule is still...

Beneficial Ownership Reporting Is Here

by Lander Chamber | Jan 29, 2024 | Advocacy, Chamber Blog, Member Support, NFIB Update

As the Lander Chamber of Commerce had been anticipating, the Financial Crimes Enforcement Network’s (FinCEN) new rule on Beneficial Ownership Information (BOI) has now taken effect as of January 1, 2024. This rule requires corporations, LLCs, or similar entities with...
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