By SEMA Washington, D.C., Staff

The U.S. House of Representatives passed the “Corporate Transparency Act of 2019” (H.R. 2513), a bill that would impose new reporting requirements on small businesses in an effort to gather information about the beneficial owners of small companies and prevent bad actors from using shell companies to break the law. The bill defines “beneficial owner” to mean anyone who exercises substantial control over a company, owns at least 25% of a business’ equity interests or receives substantial economic benefits from the business (as determined by implementing regulations). SEMA opposes H.R. 2513, which would impose duplicative and problematic reporting burdens on millions of small businesses in the United States with 20 or fewer employees and $5 million or less in gross receipts or sales. SEMA and business groups sent Congress a letter in opposition to the legislation.  

The U.S. Department of Treasury’s Financial Crimes Enforcement Networks (FinCEN) published a rulemaking in 2018, which required financial institutions to collect the beneficial ownership information of legal entities with which they conduct commerce. H.R. 2513 would shift the reporting requirements of this rule from large banks to small businesses, requiring them to register with FinCEN upon incorporation and file annual reports with the agency for the life of the business. Failure to comply with these reporting requirements would be a federal crime with civil penalties of up to $10,000 and criminal penalties of up to three years in prison.  

For more information, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

The U.S. House of Representatives passed the “Corporate Transparency Act of 2019” (H.R. 2513), a bill that would impose new reporting requirements on small businesses in an effort to gather information about the beneficial owners of small companies and prevent bad actors from using shell companies to break the law. The bill defines “beneficial owner” to mean anyone who exercises substantial control over a company, owns at least 25% of a business’ equity interests or receives substantial economic benefits from the business (as determined by implementing regulations). SEMA opposes H.R. 2513, which would impose duplicative and problematic reporting burdens on millions of small businesses in the United States with 20 or fewer employees and $5 million or less in gross receipts or sales. SEMA and business groups sent Congress a letter in opposition to the legislation.  

The U.S. Department of Treasury’s Financial Crimes Enforcement Networks (FinCEN) published a rulemaking in 2018, which required financial institutions to collect the beneficial ownership information of legal entities with which they conduct commerce. H.R. 2513 would shift the reporting requirements of this rule from large banks to small businesses, requiring them to register with FinCEN upon incorporation and file annual reports with the agency for the life of the business. Failure to comply with these reporting requirements would be a federal crime with civil penalties of up to $10,000 and criminal penalties of up to three years in prison.  

For more information, contact Eric Snyder at erics@sema.org.

By Gary Vigil

The SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings and learn more about member benefits.

Two SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings, learn more about member benefits and more. The South Lounge is located in the east end of the Lower South Hall lobby (Booth #46000) and the North Lounge is located in room N251. No matter where you are during the Show, a Members Lounge will be close by.

Both Members Lounges will feature the following benefits:

• Private meeting spaces—reserve yours now!
• A place to relax and network with fellow SEMA members.
• Charging stations.
• “Grab N’ Go” food items available for purchase during Show hours.

The North Lounge offers additional perks, including:

• Hot lunches available for purchase Tuesday–Friday, 11:30 a.m.–2:00 p.m.
• Computer and printer access.

If you need a place to meet during the SEMA Show, the SEMA Members Lounges North and South have dedicated meeting spaces available at no charge to member exhibitors and buyers.* The meeting rooms can accommodate small groups (10 or fewer).

Reserve your meeting room prior to the Show, or to check room availability during the Show, visit the meeting room check-in counter located inside the Members Lounge.

*Non-exhibiting manufacturers and members otherwise eligible to exhibit are not permitted to use the meeting rooms.

Questions about the Members Lounge North or South? Contact Elizabeth Munoz at 909-978-6725.

By Gary Vigil

The SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings and learn more about member benefits.

Two SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings, learn more about member benefits and more. The South Lounge is located in the east end of the Lower South Hall lobby (Booth #46000) and the North Lounge is located in room N251. No matter where you are during the Show, a Members Lounge will be close by.

Both Members Lounges will feature the following benefits:

• Private meeting spaces—reserve yours now!
• A place to relax and network with fellow SEMA members.
• Charging stations.
• “Grab N’ Go” food items available for purchase during Show hours.

The North Lounge offers additional perks, including:

• Hot lunches available for purchase Tuesday–Friday, 11:30 a.m.–2:00 p.m.
• Computer and printer access.

If you need a place to meet during the SEMA Show, the SEMA Members Lounges North and South have dedicated meeting spaces available at no charge to member exhibitors and buyers.* The meeting rooms can accommodate small groups (10 or fewer).

Reserve your meeting room prior to the Show, or to check room availability during the Show, visit the meeting room check-in counter located inside the Members Lounge.

*Non-exhibiting manufacturers and members otherwise eligible to exhibit are not permitted to use the meeting rooms.

Questions about the Members Lounge North or South? Contact Elizabeth Munoz at 909-978-6725.

By Gary Vigil

The SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings and learn more about member benefits.

Two SEMA Members Lounges offer a place to rest, grab a bite to eat and drink, charge devices, hold private meetings, learn more about member benefits and more. The South Lounge is located in the east end of the Lower South Hall lobby (Booth #46000) and the North Lounge is located in room N251. No matter where you are during the Show, a Members Lounge will be close by.

Both Members Lounges will feature the following benefits:

• Private meeting spaces—reserve yours now!
• A place to relax and network with fellow SEMA members.
• Charging stations.
• “Grab N’ Go” food items available for purchase during Show hours.

The North Lounge offers additional perks, including:

• Hot lunches available for purchase Tuesday–Friday, 11:30 a.m.–2:00 p.m.
• Computer and printer access.

If you need a place to meet during the SEMA Show, the SEMA Members Lounges North and South have dedicated meeting spaces available at no charge to member exhibitors and buyers.* The meeting rooms can accommodate small groups (10 or fewer).

Reserve your meeting room prior to the Show, or to check room availability during the Show, visit the meeting room check-in counter located inside the Members Lounge.

*Non-exhibiting manufacturers and members otherwise eligible to exhibit are not permitted to use the meeting rooms.

Questions about the Members Lounge North or South? Contact Elizabeth Munoz at 909-978-6725.

By SEMA Washington, D.C., Staff

The Salt Shark streamliner, handcrafted by owner/driver Tom Flattery and friends in Fremont, California, and seeking to become the “world’s fastest gasoline powered automobile.”

Visit the “Save the Salt Booth” in the Central Hall (#24099) of the 2019 SEMA Show and see the spectacular “Salt Shark” streamliner. This speed machine was handcrafted by owner/driver Tom Flattery and friends in his Fremont, California, carport. Flattery designed the car with a race plan to earn the distinction of “world’s fastest gasoline-powered automobile.” Weighing in at 4,000 lbs., Salt Shark is powered by a 427 LSX by Golan Engine combined with a five-speed B&J Racing Transmission. Flattery’s C4 Corvette daily driver was the first car he rebuilt into a land speed car.

The Bonneville Salt Flats possess rare physical qualities that has made it a perfect land-speed racing venue since 1914. SEMA, along with other organizations and companies comprising the Save the Salt Coalition, is working closely with federal and state government officials and the adjoining potash mine owner to restore Bonneville. A 10-year salt pumping program is being developed to triple the amount currently being pumped to bring the Salt Flats closer to its former glory. 

Visit booth #24099 or www.savethesalt.org to learn more. 

By SEMA Washington, D.C., Staff

The Salt Shark streamliner, handcrafted by owner/driver Tom Flattery and friends in Fremont, California, and seeking to become the “world’s fastest gasoline powered automobile.”

Visit the “Save the Salt Booth” in the Central Hall (#24099) of the 2019 SEMA Show and see the spectacular “Salt Shark” streamliner. This speed machine was handcrafted by owner/driver Tom Flattery and friends in his Fremont, California, carport. Flattery designed the car with a race plan to earn the distinction of “world’s fastest gasoline-powered automobile.” Weighing in at 4,000 lbs., Salt Shark is powered by a 427 LSX by Golan Engine combined with a five-speed B&J Racing Transmission. Flattery’s C4 Corvette daily driver was the first car he rebuilt into a land speed car.

The Bonneville Salt Flats possess rare physical qualities that has made it a perfect land-speed racing venue since 1914. SEMA, along with other organizations and companies comprising the Save the Salt Coalition, is working closely with federal and state government officials and the adjoining potash mine owner to restore Bonneville. A 10-year salt pumping program is being developed to triple the amount currently being pumped to bring the Salt Flats closer to its former glory. 

Visit booth #24099 or www.savethesalt.org to learn more. 

By SEMA Washington, D.C., Staff

The Salt Shark streamliner, handcrafted by owner/driver Tom Flattery and friends in Fremont, California, and seeking to become the “world’s fastest gasoline powered automobile.”

Visit the “Save the Salt Booth” in the Central Hall (#24099) of the 2019 SEMA Show and see the spectacular “Salt Shark” streamliner. This speed machine was handcrafted by owner/driver Tom Flattery and friends in his Fremont, California, carport. Flattery designed the car with a race plan to earn the distinction of “world’s fastest gasoline-powered automobile.” Weighing in at 4,000 lbs., Salt Shark is powered by a 427 LSX by Golan Engine combined with a five-speed B&J Racing Transmission. Flattery’s C4 Corvette daily driver was the first car he rebuilt into a land speed car.

The Bonneville Salt Flats possess rare physical qualities that has made it a perfect land-speed racing venue since 1914. SEMA, along with other organizations and companies comprising the Save the Salt Coalition, is working closely with federal and state government officials and the adjoining potash mine owner to restore Bonneville. A 10-year salt pumping program is being developed to triple the amount currently being pumped to bring the Salt Flats closer to its former glory. 

Visit booth #24099 or www.savethesalt.org to learn more. 

By Zane Clark

SEMA Show Education has more than 20 seminars on Monday that will empower attendees to achieve their business and career goals.

Plan to arrive early Monday, November 4, to make the most of your SEMA Show experience. SEMA Show Education has more than 20 seminars on Monday that will empower attendees to achieve their business and career goals. Below are four seminars that will jumpstart your week:

“From the Streets to Celebrity Chef: Street Smarts for Business”
Monday, November 4, from 8:30 a.m.–9:45 a.m., LVCC upper North Hall N258

Jeff Henderson is an award-winning chef, bestselling author and popular public speaker—and an ex-offender, having served nearly a decade in prison for drugs. In this presentation, he shares two decades of life lessons that he gained on his redemptive journey from drug dealer to TV celebrity chef to nationally acclaimed speaker.

“What’s REALLY Going on with the U.S. Economy? What’s Next?”
Monday, November 4, from 11:15 a.m.–12:15 p.m., LVCC upper North Hall N258

Beacon Economics’ founding partner Dr. Christopher Thornberg will present a comprehensive forecast for the U.S. economy with an emphasis on trends affecting the automotive industry and automotive markets. Dr. Thornberg will present a thorough analysis of key economic indicators, such as employment/unemployment, consumer spending, bankruptcies, business activity, personal income, international trade, commercial and residential real estate markets and GDP growth.

“Life and Business with Myles Kovacs”
Monday, November 4, from 1:30 p.m.–2:30 p.m., LVCC upper North Hall N258

Join the DUB magazine president and cofounder for a real conversation about life and business. From overcoming enormous and personal obstacles to finding great business success—you will hear the unfiltered perspective from a true entrepreneur that Newsweek called “one of the nation's brightest minds in new business.” This seminar will be interactive. No questions are off limits!

“Authentically Social: Putting Culture, Community and Connection at the Core of Your Digital Strategy”
Monday, November 4, from 4:00 p.m.–5:00 p.m., LVCC upper North Hall N258

We don’t do business with professions; we do business with people. In this thought-provoking presentation, social-media guru Corey Perlman will tackle challenging questions, such as “Would you consider yourself to be authentically social?” and ”Is your digital footprint made up of a mix of engaging content that is worthy of your customers and prospects, or is it a sea of curated content with no connection to your identity?”

Make it Easy. Register for all four sessions.

Sign Up. Show Up. Preview all seminars and register.

Contact SEMA’s Senior Director of Education Zane Clark for additional information.

By Zane Clark

SEMA Show Education has more than 20 seminars on Monday that will empower attendees to achieve their business and career goals.

Plan to arrive early Monday, November 4, to make the most of your SEMA Show experience. SEMA Show Education has more than 20 seminars on Monday that will empower attendees to achieve their business and career goals. Below are four seminars that will jumpstart your week:

“From the Streets to Celebrity Chef: Street Smarts for Business”
Monday, November 4, from 8:30 a.m.–9:45 a.m., LVCC upper North Hall N258

Jeff Henderson is an award-winning chef, bestselling author and popular public speaker—and an ex-offender, having served nearly a decade in prison for drugs. In this presentation, he shares two decades of life lessons that he gained on his redemptive journey from drug dealer to TV celebrity chef to nationally acclaimed speaker.

“What’s REALLY Going on with the U.S. Economy? What’s Next?”
Monday, November 4, from 11:15 a.m.–12:15 p.m., LVCC upper North Hall N258

Beacon Economics’ founding partner Dr. Christopher Thornberg will present a comprehensive forecast for the U.S. economy with an emphasis on trends affecting the automotive industry and automotive markets. Dr. Thornberg will present a thorough analysis of key economic indicators, such as employment/unemployment, consumer spending, bankruptcies, business activity, personal income, international trade, commercial and residential real estate markets and GDP growth.

“Life and Business with Myles Kovacs”
Monday, November 4, from 1:30 p.m.–2:30 p.m., LVCC upper North Hall N258

Join the DUB magazine president and cofounder for a real conversation about life and business. From overcoming enormous and personal obstacles to finding great business success—you will hear the unfiltered perspective from a true entrepreneur that Newsweek called “one of the nation's brightest minds in new business.” This seminar will be interactive. No questions are off limits!

“Authentically Social: Putting Culture, Community and Connection at the Core of Your Digital Strategy”
Monday, November 4, from 4:00 p.m.–5:00 p.m., LVCC upper North Hall N258

We don’t do business with professions; we do business with people. In this thought-provoking presentation, social-media guru Corey Perlman will tackle challenging questions, such as “Would you consider yourself to be authentically social?” and ”Is your digital footprint made up of a mix of engaging content that is worthy of your customers and prospects, or is it a sea of curated content with no connection to your identity?”

Make it Easy. Register for all four sessions.

Sign Up. Show Up. Preview all seminars and register.

Contact SEMA’s Senior Director of Education Zane Clark for additional information.