September 11, 2020
To wrap up the week, we wanted to send another reminder about our new community sign-on letter that calls on Congress to expand the PPP to 501(c)(6) organizations. The deadline to join is coming up on Monday, September 14. THANK YOU to the 1,200 organizations that have signed thus far.
1,200 is an incredible number, but our favorite number is more. Please help make this the biggest letter yet and add your organization!
The Skinny on the Skinny Skinny Bill
As you may have seen, Senate Republicans earlier this week unveiled a smaller version of their so-called “skinny” COVID-19 relief package. While this bill failed in the Senate yesterday, it did include expansion of the PPP to 501(c)(6) organizations, albeit on a limited basis (i.e., 150 employee cap and harsh eligibility criteria around lobbying).
It’s clear Republicans and Democrats remain far apart regarding an overall relief package, and timing is still unknown. That said, whenever a general agreement does come together, we’re confident 501(c)(6)s will be included in the PPP. An expansion was included in the House-passed HEROES Act and all three Senate Republican proposals. But, we still need signatories to increase our chances as much as possible.
Oldie but Goodie: Pandemic Risk Insurance Act
Do you remember PRIA, the Pandemic Risk Insurance Act? It seems like a long time ago, but support for PRIA was a tenet of our last community letter from July and remains a top priority for ASAE. If enacted, PRIA would establish a system of shared public and private compensation for business interruption losses and event cancellations resulting from future pandemics or public health emergencies.
Yesterday, ASAE’s president and CEO, Susan Robertson, CAE, participated in a roundtable event to help build support for this important legislation. Hosted by Congresswoman Carolyn B. Maloney (D-N.Y.) and joined by industry stakeholders across the economy, the roundtable examined why we need access to this coverage and what is at stake if PRIA does not pass. Susan clearly stated that the “consequences would be fatal” for nonprofit associations and others if PRIA isn’t enacted.
“ASAE called for a PRIA-like package back in March when this crisis first hit and now we are so proud to vigorously support the Pandemic Risk Insurance Act,” Susan said during the roundtable. “It is essential to the sustainability of associations and so many others during this crisis.”
For more information and a recording of the event, review Congresswoman Maloney’s press release.
Email firstname.lastname@example.org with questions.