In a letter to administration officials, ASAE welcomed long-sought COVID-19 aid for 501(c)(6) associations provided in the year-end stimulus legislation, but asked for clarification of eligibility for Paycheck Protection Program loans.
After months of advocacy by ASAE and several other associations, Congress passed a COVID-19 stimulus package that finally expands eligibility for the Paycheck Protection Program to include 501(c)(6) organizations that meet certain qualifying conditions.
After months of stalemate, a new framework for coronavirus relief developed by a bipartisan group of senators has support from Democratic leaders.
The Small Business Administration's "loan necessity" questionnaires seek information beyond what was required on PPP loan applications and may be biased against borrowers, according to ASAE and other business groups.
While ASAE and the business community back legislation that would protect groups from business interruption losses resulting from future pandemics, opposition to the Pandemic Risk Insurance Act was evident during a November 19 hearing.
In a letter to the White House this week, ASAE urged the administration to rescind its recent directives to end DEI training sessions for government workers.
As associations host virtual tradeshows due to the pandemic, they are trying to understand how unrelated business income tax regulations may apply to exhibit revenues. To do so, they are relying on guidance issued by the IRS in 2004.
Associations need a federally supported insurance backstop to protect against the financial impacts of the ongoing COVID-19 crisis and future health emergencies, executives told lawmakers.
Associations with fewer than 300 employees would be eligible for PPP funds under the broad COVID-19 relief bill proposed by Senate Republicans this week. But differences with Democrats on many provisions make the bill's future uncertain.
ASAE delivered its sixth letter to House and Senate leaders this week requesting aid for 501(c)(6) associations as they work to cobble together what could be the last COVID-19 relief package before the November elections.
