The Consumer Financial Protection Bureau (CFPB) 1071 Small Business Lending Rule would add extra paperwork and small business lending complications. NFIB announced that it will consider the Congressional Review Act resolution of disapproval of the CFPB 1071 rule as an NFIB Key Vote.

The Department of Labor (DOL) recently announced a proposed rule to increase the overtime exemption threshold to at least $55,068. NFIB opposes this increase which would be disruptive and economically challenging for small businesses.

The National Labor Relations Board published their final joint-employer rule, which NFIB opposed. The new rule replaces the previous joint-employer standard enacted in 2020 and puts additional compliance burdens on small businesses.

Executive Director of the NFIB Small Business Legal Center Elizabeth Milito testified before the U.S. Senate Finance Committee on paid leave mandates and explained the challenges one-size-fits-all mandates cause for small business.

State legislatures are focused on higher minimum wage, healthcare, unemployment insurance, and tax-related ballot initiatives as election season comes to a close in November.