MRAA partners with marine industry organizations to respond to ongoing boating tariffs. Learn how you can support advocacy efforts ahead of the 2025 American Boating Congress.
Author: Chad Tokowicz
Regulatory Notice – Corporate Transparency Act Update
In the long saga that is the reporting requirements put forth under the Corporate Transparency Act (CTA) we have yet another update. On Feb. 27, The Financial Crimes Enforcement Network (FinCEN) announced that it would not issue fines or penalties for any business that does not file Beneficial Ownership Information with the FinCEN until a […]
Supreme Court Ruling Adds to Corporate Transparency Act Confusion, but Filing Requirements Remain on Hold
On Jan. 23, 2025, the Supreme Court granted the government’s motion to lift a nationwide injunction issued in the case Texas Top Cop Shop, Inc. v. McHenry. What You Need to KnowWhile this ruling could have potentially reinstated Corporate Transparency Act filing requirements, a separate ruling in Smith v. U.S. Department of the Treasury continues […]
Corporate Transparency Act Update and Reminder
Filed yet? If not, here is what you need to know! Starting January 1, 2025, all business entities are required to report beneficial ownership information to the Financial Crimes Enforcement Network, a bureau of the U.S. Department of Treasury. The Corporate Transparency Act established the new requirement, which was put in place to combat money […]
Brought to You by Diamond
At the Marine Retailers Association of the Americas (MRAA), we are dedicated to advocating for the interests of our members, many of whom are the small businesses that drive the marine industry’s success. To protect the interests of our members and cultivate a strong selling environment, our Government Relations (GR) Team is constantly advocating on […]
FTC Non-Compete Ban Blocked
Yesterday, August 20, 2024, Judge Ada Brown of the U.S. District Court for the Northern District of Texas ruled that the Federal Trade Commission (FTC) lacks legal authority to implement its “non-compete” rule. As we have previously alerted you in previous updates, on April 23, 2024, the FTC voted 3-2 along political party lines to approve […]
2023 United States Coast Guard Recreational Boating Statistics Report: A Comprehensive Overview
By Chad Tokowicz, MRAA Government Relations Manager On Friday, May 24, 2024, the United States Coast Guard released its annual Recreational Boating Statistics report for 2023, marking the 65th edition of this comprehensive analysis. This report is a vital resource for understanding the current state of recreational boating in the United States, providing detailed insights […]
MRAA Represents Voice of Dealers at American Boating Congress
Last week the recreational boating industry, including the Marine Retailers Association of the Americas (MRAA), visited Washington, D.C., for the annual American Boating Congress (ABC) hosted by the National Marine Manufacturers Association (NMMA). MRAA staff, certified dealers and members of the MRAA board of directors met with lawmakers to discuss the contributions of the marine […]
Regulatory Alert – FTC Approves Noncompete Ban
• This Alert is a special update regarding the Federal Trade Commission’s rule banning noncompete clauses On Tuesday, April 23, the Federal Trade Commission (FTC) voted 3-2 along party lines to approve its new rule on noncompete agreements. The new rule, which will take effect in 120 days, essentially bans noncompetes for all workers, finding […]
Regulatory Alert – Changed Overtime Rule for Salaried Employees
• This MRAA Alert is a special update regarding the U.S. Department of Labor Final Rule on increased salary requirements for “White Collar Overtime Exemptions” The U.S. Department of Labor on Tuesday, April 23 announced the release of a final rule raising the minimum annual salary threshold for overtime pay eligibility. This primarily applies to […]
