Small Businesses
“Small businesses are the engine of our economy, helping to drive innovative economic growth and create good-paying jobs. Promoting entrepreneurship and supporting small businesses is a top priority of mine, and I will continue to work across party lines to build a stronger workforce and give small businesses the support that they need to succeed.” – Senator Hassan
Senator Hassan, as a member of the Senate Finance Committee, is working to ensure that small businesses and innovative entrepreneurs have the support that they need to get ahead and stay ahead.
To encourage the development of more small businesses, the first bill Senator Hassan introduced in the United States Senate was the Reigniting Opportunity for Innovators (ROI) Act, which would provide student loan debt relief for entrepreneurs to help them start up and grow innovative small businesses.
In the 21st century innovation economy, access to high-speed internet is a necessity, and Senator Hassan has been a leader in working to expand broadband infrastructure, especially in New Hampshire’s rural and underserved areas. Senator Hassan supports the Save the Internet Act, which would keep the internet open and free by restoring critical net neutrality protections, and she cosponsored bipartisan legislation – that is now law – to provide small businesses with resources to help protect their digital assets from cybersecurity threats.
Senator Hassan strongly opposes the Supreme Court’s backward ruling in South Dakota v. Wayfair Inc., which requires New Hampshire businesses to collect internet sales taxes for other states and creates burdensome red tape for Granite State businesses. Senator Hassan supports completely overturning the Wayfair decision. In the meantime, she has led efforts to lessen the impact of the decision on small businesses.
In an effort to make it easier for small business to offer retirement plans for their employees, Senator Hassan joined in introducing the bipartisan Retirement Security Act to remove barriers that often keep small businesses from being able to offer retirement plans for their employees.
New Hampshire’s craft breweries increasingly help drive the state’s economic growth. To support this important industry, Senator Hassan has championed bipartisan legislation to lower the federal excise tax on the brewing industry and streamline outdated federal regulations for brewing, winemaking, and distilling.
Senator Hassan will continue to focus on critical economic priorities for New Hampshire’s small businesses that foster innovation and expand opportunity for hard-working families across the Granite State.
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Related News
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July 01, 2020
Senator Hassan Statement on Senate Passage of Legislation to Extend PPP Loan Application Deadline
WASHINGTON - U.S. Senator Maggie Hassan released the following statement after the Senate last night unanimously approved an extension of the deadline for small businesses and non-profits to apply for Paycheck Protection Program loans. The application deadline expired yesterday at midnight and this bipartisan legislation would extend the deadline through August 8, 2020. The legislation now heads to the House of Representatives.
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June 29, 2020
Senator Hassan, Colleagues Push Administration to Improve Paycheck Protection Program for NH’s Seasonal Businesses
WASHINGTON - U.S. Senator Maggie Hassan (D-NH) joined Senator Angus King (I-ME) and a group of their colleagues in urging U.S. Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza to readjust regulatory requirements so that seasonal employers in New Hampshire and across the country can access the full amount of the Paycheck Protection Program loans for which they qualify. The Senators asked the Treasury Department and the SBA to immediately issue a new rule so that seasonal small businesses can access full Paycheck Protection Program funding before the SBA’s guaranty authority expires on June 30.
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June 23, 2020
Senator Hassan Calls for Answers on Wayfair Sales Tax Compliance Software, Impact on Small Businesses
WASHINGTON - U.S. Senator Maggie Hassan (D-NH) led a letter with Senators Jeanne Shaheen (D-NH), Ron Wyden (D-OR), and Jeff Merkley (D-OR) to tax compliance software companies about the affordability and accuracy of their products, which many small businesses use to comply with the Supreme Court’s problematic Wayfair decision. Two years ago on June 21, 2018, the Supreme Court’s Wayfair decision required businesses – even if they are located in non-sales tax states – to collect sales tax for other states and jurisdictions, creating a burdensome new tax collection system that small businesses are struggling to comply with.
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June 16, 2020
NH Delegation Calls for Increased Support to Non-Profit Organizations Amid COVID-19 Pandemic
WASHINGTON - U.S. Senators Maggie Hassan and Jeanne Shaheen and U.S. Representatives Annie Kuster and Chris Pappas today called on House and Senate leaders to include significant support for non-profit organizations in upcoming COVID-19 response legislation.
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June 05, 2020
Senator Hassan Statement After Paycheck Protection Program Bill Signed Into Law
WASHINGTON - U.S. Senator Maggie Hassan released the following statement after President Trump signed into law legislation to give small employers in New Hampshire and across the country more flexibility in using the federal funds provided to them through the Paycheck Protection Program.
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June 04, 2020
Senator Hassan Statement on Senate Passage of Bipartisan Bill to Strengthen Loan Program for Small Businesses and Nonprofits
WASHINGTON - U.S. Senator Maggie Hassan released the following statement after the Senate passed bipartisan legislation to give small employers in New Hampshire and across the country more flexibility in using the federal funds provided to them through the Paycheck Protection Program.
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May 18, 2020
NH Delegation Calls on Treasury to Strengthen Paycheck Protection Program to Support Granite State Businesses
Manchester, N.H. - Today Representatives Chris Pappas (NH-01) and Annie Kuster (NH-02) along with their Senate colleagues Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) sent a letter to the Secretary Steven Mnuchin calling on the Treasury to make adjustments to the Payroll Protection Program (PPP) so that it can more effectively serve the needs of Granite State small businesses.
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