Outlook and expectations for the Lame Duck session of Congress may not be big for many, but NSBA is keeping small business front and center through 2024 and beyond.
Before departure for the final recess of the 118th Session of Congress in 2024, NSBA expects Congress to tackle some of the most pressing issues remaining on the docket.
Chief among these, NSBA expects to see congressional floor action on both the National Defense Authorization Act (NDAA) and a Continuing Resolution (CR) to extend government funding through next year.
Among the terms of these must-pass legislative items, NSBA hoped to see inclusion of a provision delaying implementation of the Corporate Transparency Act (CTA) as a part of the NDAA.
This is because the original CTA bill was passed as a part of a previous NDAA; however, a draft provision originally included in introductory text to delay the CTA was stripped from the bill over the weekend.
While Congress continues to delay action on the CTA, last week, a federal court issued a nationwide injunction over CTA filing requirements.
Alongside this major victory for small business, NSBA and our advocates in Washington continue the fight for a full repeal or statutorily enacted delay of the CTA before the end of the year.
Most immediately, NSBA is focused on the CR as a potential vehicle to include CTA legislative provisions and action against this unconstitutional law.
The end-of-year CR has yet to be released, and there are still ongoing negotiations about the details, as well as the length of the measure.
Additionally, Republicans are reportedly locked in a battle over whether to extend funding at current levels until the end of the fiscal year in September, or to move the deadline just to March.
This would allow the incoming Republican majority across the House, Senate, and White House to set spending priorities early.
Hardline conservatives would like to set an earlier expiration date because they view current spending levels as having been set largely by Democrats; others in the Conference would prefer a later expiration, allowing the new Congress to immediately take up President-elect Trump’s agenda in the first 100 days of his new term unencumbered by a spending fight.
Follow NSBA as we continue tracking progress of these must-pass legislative items from Capitol Hill and continue urging Congress to keep small business front and center in these conversations and considerations.
