NASE Continues to Call for PPP Forgiveness and Relief
In a letter to congressional leaders, NASE along with nearly a hundred organizations, encouraged action on PPP forgiveness and additional business relief as tens of thousands of businesses struggle to minimize the impact of the Covid-19 pandemic.
"We encourage Congress to quickly consider legislation that will help countless businesses
navigate the overly complex forgiveness process. S. 4117, The Paycheck Protection Program Small Business Forgiveness Act, sponsored by Senators Kevin Cramer, Bob Menendez, Thom Tillis and Kyrsten Sinema and H.R. 7777, The Paycheck Protection Small Business Forgiveness Act, sponsored by Reps. Chrissy Houlahan and Fred Upton are bipartisan and bicameral legislation introduced earlier this Congress and would reduce compliance costs by streamlining the forgiveness process for mom-and-pop businesses who received PPP loans during these unprecedented times. Additionally, passing such legislation that would expand the hold harmless protections for lenders will provide financial institutions that originated and currently service PPP loans the opportunity to focus their time and energy on providing much-needed credit and financial services to individuals and businesses by creating regulatory certainty for PPP loans in the future."
PPP Coalition Letter to House and Senate Leadership
The letter was signed by the following organizations:
Aeronautical Repair Station Association
AICC, The Independent Packaging Association
Air Conditioning Contractors of America (ACCA)
American Bankers Association
American Case Management Association
American Dental Association
American Farm Bureau Federation
American Financial Services Association
American Foundry Society
American Hotel & Lodging Association
American Jail Association
American Land Title Association
American Road & Transportation Builders Association (ARTBA) American Staffing Association
America's SBDC
Asian American Hotel Owners Association
Associated General Contractors of America
Associated Industries of Massachusetts
Associated Wire Rope Fabricators
Association for Comprehensive Energy Psychology
Association for Enterprise Opportunity
Association of Credit and Collection Professionals
Association of Marina Industries
Association of Women’s Business Centers
Association of Woodworking & Furnishing Suppliers
Bank Policy Institute
Brick Industry Association
CAMEO- California Association for Micro Enterprise Opportunity Commercial Food Equipment Service Association – CFESA Consumer Bankers Association
Credit Union National Association
Decorative Hardwoods Association
DHI – Door Security + Safety Professionals
Electronic Transactions Association
Electronics Representatives Association
Financial Services Forum
Foodservice Consultants Society International - The Americas Division Golf Course Superintendents Association of America
GovEvolve
Habitat for Humanity International
Home Furnishings Association
HUBZone Contractors National Council
Independent Beauty Association
Independent Community Bankers of America
Independent Electrical Contractors
Independent Insurance Agents & Brokers of America
Innovative Lending Platform Association
International Franchise Association
International Sign Association
Leading Builders of America
Manufacturer & Business Association
Marine Retailers Association of the Americas
Mid-Size Bank Coalition of America
Modular Building Institute
Modular Home Builders Association
National Association for Surface Finishing
National Association for the Self-Employed
National Association of Chain Drug Stores
National Association of Federally-Insured Credit Unions National Association of Home Builders
National Association of Professional Employer Organizations National Association of Professional Insurance Agents
National Association of Realtors
National Association of Surety Bond Producers
National Association of Tax Professionals
National Association of the Remodeling Industry
National Career Development Association
National Community Pharmacists Association
National Cotton Council
National Electrical Contractors Association
National Electrical Manufacturers Representatives Association (NEMRA) National Limousine Association
National Marine Manufacturers Association
National Restaurant Association
National Retail Federation
National RV Dealers Association (RVDA)
National Stone, Stand & Gravel Association
National Wooden Pallet & Container Association
New York State Land Title Association
North American Association of Food Equipment Manufacturers (NAFEM) Page 30 Coalition
Painting Contractors Association
Pet Industry Distributors Association.
Professional Beauty Association (PBA)
Secondary Materials and Recycled Textiles Association
Small Business Roundtable
Society of American Florists
Society of Collision Repair Specialists (SCRS)
South Carolina Restaurant & Lodging Association
Specialty Equipment Market Association (SEMA)
Specialty Tools & Fasteners Distributors Association
Specialty Tools & Fasteners Distributors Association
The Brick Industry Association
The Energy Marketers of America (EMA)
The Global Cold Chain Alliance
The Mineral, Metals, and Materials Society
The National Association of Trailer Manufacturers The National Bankers Association
The National Council of Investigation & Security Services The Promotional Products Association International (PPAI) The Small Business Council of America
The Small Business Legislative Council
The Texas Bankers Association
Tire Industry Association
U.S. Black Chambers
U.S. Chamber of Commerce
United States Hispanic Chamber of Commerce United Veterinary Services Association
Vacation Rental Management Association
Washington Retail Association
Women Impacting Public Policy (WIPP)
World Floor Covering Association
Young Audiences Arts for Learning