I'm John Batter with my colleague Gene Marks, a small business columnist for the Guardian newspaper UK and US Edition,

our hometown newspaper of Philadelphia Inquirer, other distinguished

publications.

There is a banking bill.

There is also a new minimum wage coming in the new year.

Let's start with the banking bill. I couldn't read this easily

gene because it looks like it's going to cost me money. What is it going to do to me?

Well, it was a survey that came out from Goldman Sachs this year.

It was a warning regulators.

Goldman Sachs does a great job that ever think of the 10,000 small business voices.

It's a great program for small businesses, so it's just giving a shout out for that.

But they do, they survey the small business owners

that participate in this program,

and they also like to give some advocacy for small business.

So, John, there is a bill right now that is circulating around it's called the the

Basel proposal I hope I'm pronouncing it right B-A-S-E-L is that Basel or Basel?

It's a it's a proposal that is going to require banks to make sure that they have even more credit

availability or credit restrictions than they're doing right now.

So it's going to require them to put more of their capital in reserve

because the regulators themselves just are trying to avoid any potential crisis in banking liquidity.

So this is a Federal Reserve rule.

It's a proposal right now.

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