November 19, 2014
Please see the update from the SBA Office of Advocacy. You can stay up-to-date on our office by reading our comment letters and reviewing our research. As always, we are seeking your input on current regulatory alerts and your participation in our regulatory roundtables. Please be in touch directly with the listed Advocacy contact for any questions or comments on these topics. Feel free to contact me with other questions or concerns.
New Advocacy Releases
Issue Brief: Exploring the Policy Relevance of Startup Accelerators
Report: Income and Net Worth of Veteran Business Owners over the Business Cycle, 1989-2010
Comment Letter: 11/13/14- Energy Conservation Program; Proposed Energy Efficiency Standards for Automatic Commercial Ice Makers
New Regulatory Alert
IRS Proposes Regulations on Partnership “Hot Asset” Distributions
On November 3, 2014, the IRS issued proposed regulations that prescribe how a partner should treat his or her share of unrealized receivables and inventory items if the partner leaves the partnership and liquidates these assets. The IRS contends that “few small businesses are likely to be partners or partnerships required to make the disclosures required by the rule.”
Submit comments here by February 2, 2015.
Advocacy contact: Dillon Taylor at 202.401.9787
Open Comment Periods
Pay Transparency for Government Contractors
On September 17, the Office of Federal Contract Compliance Programs (OFCCP) of the Department of Labor released a proposed rule that would prohibit federal contractors from maintaining pay secrecy policies.
The proposed rule would bar employers from discriminating or firing an employee because they talked or inquired about their pay to someone else.
Contractors would also be required to disseminate this new provision to employees and job applicants.
Submit comments here by December 16, 2014.
Advocacy contact: Janis Reyes at 202.205.6533
Regulatory Capital Rules
On September 4, 2014, the Farm Credit Administration published a proposed rule on Regulatory Capital Rules: Regulatory Capital, Implementation of Tier 1/Tier 2 Framework.
The FCA is seeking comments on this proposed rule that would revise the regulatory capital requirements for the Farm Credit System institutions.
- · tier 1 and tier 2 risk-based capital ratio requirements (replacing core surplus and total surplus requirements),
- · a tier 1 leverage requirement (replacing a net collateral requirement for system banks),
- · a capital conservation buffer,
- · revised risk weightings, and
- · additional public disclosure requirements.
The proposal is intended to help ensure that banks have enough capital to continue lending to creditworthy entities even if there are unforeseen losses or an economic downturn.
Submit comments here by January 2, 2014.
Advocacy contact: Jennifer Smith at 202.205.6943
Office of Advocacy
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