White House Ready to Accept Omnibus Spending Bill

Congressional appropriators are reportedly preparing a $1.4 trillion omnibus spending bill to fund the government after the continuing resolution expires on Dec. 11. Senate Majority Leader Mitch McConnell (R-KY) and Senate Appropriations Committee Chairman Richard Shelby (R-AL) met this week with White House Chief of Staff Mark Meadows and are confident that President Trump will… Read more »

ASAE Urges SBA to Rethink Small Business Loan Questionnaires

ASAE joined a large coalition of business groups this week in calling on the Trump administration to temporarily suspend “loan necessity” questionnaires developed to scrutinize businesses that took emergency payroll loans during the pandemic. The Small Business Administration (SBA) has been circulating the new questionnaires to obtain information from businesses that took Paycheck Protection Program… Read more »

Biden Urges Congress to Pass Large COVID Stimulus Bill

President-Elect Joe Biden called on Congress this week to end the stalemate and pass a COVID-19 stimulus package on par with the $3.4 trillion HEROES Act that the House passed six months ago. Republicans have opposed the HEROES Act as too expensive and negotiations on a relief bill have gone nowhere since lawmakers returned to… Read more »

Hearing Highlights Hurdles for Pandemic Risk Insurance

Despite widespread backing from ASAE and the business community, legislation that would protect organizations from business interruption losses resulting from future pandemics or public health emergencies continues to garner little support from Republicans or the insurance industry. Opposition to the Pandemic Risk Insurance Act (PRIA), introduced earlier this year by Rep. Carolyn Maloney (D-NY) and… Read more »

Senate Republicans Introduce FY21 Spending Bills

Senate Republicans released 12 bills to fund the federal government until next September, the first step toward negotiations with the Democratic-controlled House to avoid a shutdown Dec. 12. Senate Appropriations Committee Chairman Richard Shelby (R-AL) stressed that funding the government for fiscal year 2021 is a top priority in the lame duck session and that… Read more »