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.
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