House Committee Calls for Pandemic Risk Insurance Act

The House Financial Services Committee this week called for the passage of a Pandemic Risk Insurance Act (PRIA) to provide a federal backstop for prospective insurance claims related to a pandemic or epidemic. The COVID-19 pandemic has created awareness of the need for pandemic insurance for businesses, such as when an association meeting, conference or… Read more »

Massive COVID Relief Bill Heads to House Vote

The $2.2 trillion emergency relief bill unanimously approved by the Senate late last night now moves to the House where passage on a voice vote is scheduled for Friday. The sprawling 880-page bill, which is the biggest economic rescue package in U.S. history, includes direct checks to more than 150 million U.S. households and sets… Read more »

Associations Need More COVID Aid, ASAE Says

ASAE said today that the massive $2.2 trillion COVID-19 economic relief package that passed the Senate late last night lacks adequate aid for revenue-stricken associations. ASAE and its members flooded Capitol Hill with requests for association-specific relief in the emergency bill that was negotiated this week. Specifically, ASAE asked Congress for $25 billion in aid… Read more »

Congress Scrambling on Economic Stimulus Package

Congressional leaders and the White House are working on different proposals to try to blunt the impact of COVID-19 on the U.S. economy and it’s expected a package could be voted on next week. Treasury Secretary Steven Mnuchin said today that the White House wants to send most Americans $1,000 within three weeks and an… Read more »

ASAE Requests Aid for COVID-19 Impacted Associations

ASAE delivered a letter to congressional leaders yesterday requesting emergency financial support for associations and other nonprofit groups experiencing significant revenue losses from event cancellations as a result of the COVID-19 pandemic. Congress is currently working on a $1 trillion economic stimulus package to blunt the financial fallout from the coronavirus. While the airlines and… Read more »