Timeline Slipping on Next COVID-19 Relief Package

Senate leaders say the next package of COVID-19 relief will be the final major legislation this year aimed at alleviating economic stress related to the pandemic, and will be a smaller package than the $3 trillion HEROES Act passed by the House last month. While initially aiming to pass something before the July 4 recess,… Read more »

Senate Passes Bill to Relax PPP Restrictions

The Senate cleared legislation yesterday to ease restrictions on loans obtained through the popular Paycheck Protection Program (PPP), created to assist small businesses struggling during the ongoing COVID-19 pandemic. The bill, which passed the House last week, now heads to President Trump’s desk for signature. The bill, passed by unanimous consent, is designed to make… Read more »

ASAE to Hold American Associations Week June 15-18

ASAE has scheduled a virtual American Associations Week 2020 for June 15-18 to build support for much-needed legislative assistance for America’s trade and professional associations during the COVID-19 pandemic. American Associations Week (AAW) will engage the association community in a collective response designed to educate legislators and Capitol Hill staff about the plight of America’s… Read more »

White House Won’t Release Summer Economic Projections

White House officials will not release updated economic projections this summer as is common practice, according to the Washington Post. The White House typically unveils a federal budget proposal every February and then provides a “mid-session review” in July or August with updated projections on trends such as unemployment, inflation and economic growth. Two White… Read more »

House Passes Bill Easing Restrictions on PPP Loans

The House voted 417-1 today to pass legislation that will make urgently needed changes to the Paycheck Protection Program (PPP), created to assist small businesses struggling during the ongoing COVID-19 pandemic. The Paycheck Protection Flexibility Act, introduced by Reps. Chip Roy (R-TX) and Dean Phillips (D-MN), is designed to make PPP loans more accessible by… Read more »