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ASA Calls for the Delayed Implementation of the Corporate Transparency Act (CTA) ASA, along with the Small Business Legislative Counsel (SBLC), sent a letter to the Senate Banking Committee Chairs urging to delay the filing deadlines of the Corporate Transparency Act (CTA) by passing S. 3625, the Protect Small Business and Prevent Illicit Financial Activity…

This Week in Congress This week, the House voted on legislation to ban TikTok in the United States unless it spins off from Chinese-owned ByteDance Ltd.  President Joe Biden said he would sign the bill if it reached his desk.  Additionally, the House voted on a bill that would require the General Services Administration (GSA)…

ASA’s Andrew Christ Hosts SBA Administrator Guzman On Monday, Andrew Christ, an ASA Board Member and owner of Compass Constructors located in Kansas City, (MO), hosted the Small Business Administrator (SBA) Guzman at his company.  The SBA Administrator spent about ninety minutes with Andrew and his colleagues visiting his facility and discussing ways in which…

ASA Supports H.R.4366 – the Consolidated Appropriations Act of 2024 ASA, along with the Transportation Construction Coalition (TCC), sent a letter to Congress stating that infrastructure investment spurs job creation and economic growth, and to maximize this, we urge them to vote YES on H.R. 4366, Consolidated Appropriations Act of 2024, which contains the Fiscal…

President Biden Released His FY25 Budget President Biden’s FY25 budget proposes to reduce the deficit by about $3 trillion over a decade; set a higher minimum corporate tax and a 25% minimum tax for billionaires; and protect Social Security and Medicare, affordable housing initiatives; expand preschool access; and establish a higher federal minimum wage. It…

Ukraine Funding Update Former President Trump plans to ask Speaker Johnson this week to turn any upcoming funding for Ukraine into a loan that could be paid back without interest as the war-torn country recovers. Such an approach could prove to be more politically palatable to GOP critics. Speaker Johnson has expressed support for Ukraine…

Independent Contractor Rule Goes into Effect On Monday, the U.S. Department of Labor’s closely watched independent contractor rule went into effect, but do not expect too much of a change from the DOL’s current enforcement position.  Up until today, the Trump-era independent contractor standard was the regulation on the books governing the DOL’s approach to…

Judge Blocks NLRB Joint Employer Rule In January of this year, we wrote in our weekly update about the Joint Employer Rule.  As a brief reminder, in the fall of 2023, the National Labor Relations Board (NLRB) promulgated that the rule would have made it significantly easier for the agency to find the existence of…

This Week in Congress Last week, Congress passed a detailed agreement to fund large parts of the government through September 30th with the expectation to enact it before another shutdown deadline on Friday, March 8th. This funding includes the FY24 Appropriations Bill for Agriculture-FDA, Commerce-Justice-Science, Energy and Water, Interior-Environment, Military Construction-VA, and Transportation-HUD.  The remaining…

Senate Minority Leader McConnell Steps Down Minority Leader McConnell, the longest-serving Senate leader in history will step down from that position in November. Sen. McConnell (R-KY), who turned 82 last week, announced his decision from the Senate floor.  Per his comments, “one of life’s most underappreciated talents is to know when it’s time to move…