Small Businesses

McHenry Reintroduces Legislation to Modernize IRS Filings for Job Creators

| Posted in Press Release

Washington - Recently, Congressman Patrick McHenry (NC-10) reintroduced the Eliminating Paperwork for Startups Act for the 118th Congress. This legislation will modernize how 83(b) election forms are filed with the Internal Revenue Service (IRS)—making these filings more efficient and reducing their burden on America’s job creators. “It is past time for federal…

McHenry Slams CFPB’s Disastrous Small Business Lending Data Collection Rule

| Posted in Press Release

WASHINGTON, D.C.— Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Consumer Financial Protection Bureau’s (CFPB) release of its final rule implementing small business lending data collection as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1071. “The Consumer…