ASAE Community Sign-On Letter
ASAE has a community sign-on letter urging Congress to pass relief legislation and include 501(c)(6) nonprofit organizations in the Paycheck Protection Program (PPP). The deadline to join the letter is Monday, September 14.
In addition to providing for 501(c)(6) eligibility on equitable terms, the letter calls on Congress to enact the following PPP-related provisions:
- Reauthorize until at least March 31, 2021;
- Include 501(c)(6) nonprofits in the so-called “second draw” program;
- Expand the definition for eligible “receipts” within the “second draw” program to include in-person event cancellations and lost revenue from certification programs and other education; and
- Apply lobbying language as outlined in Section 90001 of the HEROES Act and included in the broadly bipartisan Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020 (H.R. 6697).
As a reminder, the lobbying language referenced in #4 above would prohibit borrowers from including salaries of all federally registered lobbyists on staff in PPP loan term calculations. ASAE reported last month on alternative and harmful lobbying restrictions presented in the Senate. Learn more.