Latest legislative effort comes amid competing Right to Repair proposal by ASA, SCRS and Alliance for Automotive Innovation. A bipartisan group of lawmakers has reintroduced the “Right to Equitable and Professional Auto Industry Repair” (REPAIR) Act in Congress, reigniting the debate over consumers’ right to repair their vehicles. The legislation, introduced on February 25, comes […]
Beneficial Ownership Reporting Requirements Blocked by Federal Court
Nationwide injunction granted in lawsuit that challenged the Corporate Transparency Act and beneficial ownership reporting requirements. The National Federation of Independent Business (NFIB) applauded the December 3 decision in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. at the U.S. District Court for the Eastern District of Texas granting a […]
Business Groups Celebrate Victory in Lawsuit Challenging Federal Noncompete Agreements Ban
On August 20, the U.S. Chamber of Commerce celebrated a legal victory for American businesses, workers, and the economy after the U.S. District Court for the Northern District of Texas set aside the Federal Trade Commission’s (FTC) ban on employment noncompete agreements. The rule had been set to take effect on September 4. U.S. Chamber […]
Small Business Optimism Up in July
Inflation continues to plague small businesses. The National Federation of Independent Business (NFIB) Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022. However, this is the 31st consecutive month below the 50-year average of 98. Inflation remains the top issue among small business owners, with 25% reporting […]
25 Groups Write Letter Supporting Passage of Federal REPAIR Act
Groups including Auto Care Association, SEMA, CAR Coalition, MEMA Aftermarket Suppliers and others call for passage during next U.S. House Energy and Commerce Committee markup session. In a letter July 8 to members of the U.S. House Energy and Commerce Committee, 25 groups called on the committee to pass H.R. 906, The Right to Equitable […]
Small Businesses Challenge DOL Overtime Rule in New Lawsuit
The National Federation of Independent Business (NFIB) announced May 22 it joined a lawsuit challenging the Department of Labor’s (DOL) final overtime rule. The new rule, which takes effect July 1, significantly increases the salary threshold for overtime pay eligibility and will automatically raise the threshold over time. “DOL’s final rule is an additional complicated […]
Small Business Optimism Increased in January as Inflation Eases Slightly
Owners have a negative outlook expecting better business conditions. The National Federation of Independent Business (NFIB) Small Business Optimism Index increased 0.5 points in January to 90.3, remaining below the 49-year average of 98. Down six points from last month, 26% of owners reported inflation was their single most important problem in operating their business. […]
NFIB Survey Finds Large Majority of Small Business Owners Report Inflation Pressures Worsening
The NFIB Research Center released a new survey yesterday assessing the impact inflation is having on small businesses. Overall, over half (56%) of small employers reported that inflation is having a substantial impact on their business while about a third (35%) reported a moderate impact. Three quarters (75%) of owners reported that inflation pressure is […]
Small Business Optimism Declined in June
Expectations of future conditions hit all-time low. Owners reporting inflation as biggest business problem highest since 1980. The National Federation of Independent Business (NFIB) Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the […]
Small Business Optimism Index Slightly Down in May
Small business owner expectations for the future at a record low in survey’s 48-year history. The National Federation of Independent Business (NFIB) Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98. Owners expecting better business conditions over the next six months decreased four points […]
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