03/27/2020

ASAE Says Associations Need More COVID-19 Aid

More provisions were needed in the bill the Senate approved

The American Society of Association Executives (ASAE) said Thursday that the massive $2.2 trillion COVID-19 economic relief package that passed the Senate late Wednesday night lacks adequate aid for revenue-stricken associations.

ASAE and its members flooded Capitol Hill with requests for association-specific relief in the emergency bill that was negotiated this week. Specifically, ASAE asked Congress for:

• $25 billion in aid for associations experiencing financial losses from canceled meetings and events
• Association access to small business interruption loans to prevent layoffs and continue paying employees, and 
• Creation of a pandemic risk insurance program to create a federal backstop for prospective insurance claims related to a pandemic or epidemic.

These provisions were not included in the bill the Senate approved unanimously.

Please select this link to read the complete article from Associations Now.