Sign On to Letter Asking COVID-19 Aid Extended to Associations
May 11, 2020
Dear TSAE Members:
As you may know, previous COVID-19-related aid packages have included “nonprofit organizations” as eligible for the small business loans, but not specifically all 501(c) organizations like 501(c)(6) trade and professional associations, as well as local chambers of commerce and destination marketing organizations.
Last week we learned progress was being made as bi-partisan legislation was introduced to ensure Section 501(c)(6) trade and professional associations receive federal assistance to weather the economic downturn resulting from the ongoing pandemic.
The bill, titled “The Local Chamber, Tourism and 501(c)(6) Protection Act,” would expand eligibility for the Paycheck Protection Program (PPP) to include 501(c)(6) entities and destination marketing organizations with 300 or fewer employees to enable these groups to continue serving industries and professions vital to America’s economic recovery.
In a letter, which you can read here, TSAE urges Texas members of Congress to pass this legislation as part of any future pandemic rescue bills.
We are asking for your support by signing on to the letter before it is sent to members of Congress. You can use the form below to sign on to the letter. Legislation is moving quickly so we please ask you sign on by noon on Tuesday, May 12.
If you have questions about this issue, please contact me directly.
Thank you for your support.
Steven J. Stout, FASAE, CAE