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Big ‘I’ Urges Congress to Give Trade Associations Access to PPP Loans

With Congress expected to consider another COVID-19 relief package in the coming weeks, the Big “I” sent a letter urging an expansion of the Paycheck Protection Program to include 501(c)(6) nonprofit associations.
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Earlier this week, the Big “I" sent a letter to congressional leaders urging them to expand eligibility under the Paycheck Protection Program (PPP) to include 501(c)(6) nonprofit associations, such as the Big “I" and its 50 state associations, and numerous other city and county associations.

With Congress expected to consider another COVID-19 relief package in the coming weeks, the Big “I" continues to advocate on behalf of our state and local associations. While trade associations are currently ineligible to receive PPP funding, we strongly believe the next COVID-19 relief package should include access to PPP loans for trade associations.

In the letter, the Big “I' argued that, “Trade associations across the country, including the Big “I" and its state and local associations, play an important role to train America's workforce, create industry and professional standards, and disseminate essential information and resources to people in need – particularly during times of crisis. However, associations now face unprecedented financial losses from event cancellations. Without support, Section 501(c)(6) organizations will be unable to continue to provide the services on which so many rely."

Back in May, the Big “I" announced its support for H.R. 6697, "The Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020," by Rep. Chris Pappas (D-New Hampshire) and Rep. Brian Fitzpatrick (R-Pennsylvania). This bipartisan legislation would allow 501(c)(6) organizations to access loans through the PPP and was included in H.R. 6800, “The Heroes Act," which passed the U.S. House of Representatives back in May.

As Congress considers additional COVID-19 relief in the coming weeks, the Big “I" will continue to provide updates on any potential legislation in News & Views.

Wyatt Stewart is Big “I" senior director of federal government affairs.

15346
Thursday, July 23, 2020
On the Hill