Association Leaders Push for Pandemic Risk Insurance Act in Congressional Roundtable
Nonprofits need greater protections in case of future tragedies
Last week, the American Society of Associates Executive (ASAE) President and CEO Susan Robertson, CAE, participated in a congressional roundtable with Rep. Carolyn Maloney (D-N.Y.) and other trade association leaders interested in ensuring that businesses and associations can financially recover from future waves of COVID-19 and other pandemics that may occur.
Maloney, a senior member of the House Financial Services Committee, is lead sponsor of the Pandemic Risk Insurance Act of 2020 (PRIA), a bill that would create a system of shared public and private compensation for business interruption losses resulting from future pandemics or public health emergencies. ASAE has endorsed Maloney’s bill since its introduction in May.
“ASAE called for a PRIA-like package back in March when this crisis first hit, and now we are so proud to vigorously support the Pandemic Risk Insurance Act,” Robertson said at the roundtable. “It is essential to the sustainability of associations and so many others during this crisis.”
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