Utah is home to more than 352,000 small businesses that are vital to not only the state’s economy but the country as a whole. These small businesses are experiencing natural disasters frequently and facing an insurance crisis. However, there is a tool they can use to help alleviate the unexpected risks they may face — small captive insurance, also known as micro-captive insurance. This form of insurance allows small businesses to self-insure for risks that traditional insurance doesn’t always cover. Unfortunately, the IRS continues to make it more complicated to utilize small captive insurance, most recently with the Biden-era regulations that were released in January before he left office. Congress has an opportunity to help small businesses by enacting the Congressional Review Act (CRA). Rep. Mark Greene (R-TN) plans to utilize the CRA by introducing a joint resolution of disapproval to nullify the IRS regulations. Our own Rep. Blake Moore has always been a supporter of small businesses and helping Utah’s economy thrive. I’m hoping he will consider cosponsoring the joint resolution to help the small businesses of our state.