WASHINGTON – The American Sustainable Business Council applauds Congress for reaching apparent agreement on a fifth, desperately needed $900 billion COVID relief bill, but ASBC expressed strong disappointment that it does not include extending emergency paid leave provisions.
Relief from the CARES Act is running out for families and small businesses. According to Yelp’s Economic Impact Report, 97,966 businesses in the US have closed permanently. Sixty percent of closed businesses will never reopen.
ASBC and the American Independent Business Alliance (AMIBA) strongly urge Congress to pass a fourth COVID relief package which includes the following provisions:
Small businesses are on the line and the decisions we make now could make or break our economy. The CARES Act was intended as a down payment to help small businesses survive, but even that down payment isn’t getting to where it’s needed fast enough. It is time for Congress to step up.
In order to reopen our businesses, we must have a healthcare strategy that includes comprehensive testing and other necessary medical protocols to assure that we can safely restart our economy. Instead of arbitrary deadlines, our government must develop this strategy NOW!
Paycheck Protection Program, Legislative Update
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Starting April 3, small businesses and sole proprietorships can begin applying for SBA Paycheck Protection Program (PPP) Loans, the U.S. Treasury Department has announced. Starting April 10, independent contractors and self-employed individuals can apply.
Following House and Senate passage, the President has now signed the FAMILIES FIRST CORONAVIRUS RESPONSE ACT (HR 6201). This is a good first step to help Americans, business owners and workers alike, who are coping with the threats to their physical and economic health from this coronavirus pandemic.
Dismantling of EPA Regulations – Stimulus Bill – Business Survey
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Details were scarce given the fast pace of events, but the Senate and the Administration appeared to have reached agreement early Wednesday on a $2 trillion stimulus package as the third package of legislation in response to the coronavirus pandemic. Initial indications from the House were positive, but as the day progressed, some critics emerged on both the left and the right.
The American Sustainable Business Council, the American Independent Business Alliance (AMIBA) and other business organizations have developed “Five Steps to Keep American Business Alive.” We believe these are vital to help small and mid-sized local and independent businesses (including farms and fishermen) in all communities across the United States survive this crisis:
We are in the midst of one of the greatest challenges our nation and the world has ever faced. This is a time where we (virtually) need to come together and support each other, but especially the most vulnerable among us.
At ASBC, we have heard from numerous responsible business leaders about how this crisis is impacting them. Many are considering or already implementing staffing reductions, furloughs, lay-offs and other measures. Some plan to continue paying hourly workers who are unable to come into work, as well as pay for their employees’ health insurance for as long as they possibly can.
The President last night signed the FAMILIES FIRST CORONAVIRUS RESPONSE ACT (HR 6201), which the House introduced and passed 363-40-1 on March 13 and the Senate passed 90-8 yesterday. This is a good first step to help Americans, business owners and workers alike, who are coping with the threats to their physical and economic health from this coronavirus pandemic.
Both the House and the Senate have now overwhelmingly passed the Families First Coronavirus Response Act (HR 6201) to respond to the COVID-19 crisis. Now it is time for the President to sign this measure into law.
With the physical health and economic health of Americans now clearly at risk from the Coronavirus, the U.S. House took quick action Friday night, March 13, to pass the Families First Coronavirus Response Act (HR 6201) to respond to this crisis. Now it is time for the Senate to act and send this critical measure to the President for him to sign.
Small businesses are on the line and the decisions we make now could make or break our economy. The CARES Act was intended as a downpayment to help small businesses survive, but even that downpayment isn’t getting to where it’s needed fast enough. It is time for Congress to step up.
As each day brings more news of how the coronavirus is damaging our health and our economy, the American Sustainable Business Council, and the 250,000 companies we represent, are again calling on Congress and the President to act quickly to mitigate both.
Both the physical health and economic health of Americans now clearly are at risk from the Coronavirus. Public health officials are urging “social distancing” to help mitigate against the rapidly increasing spread of the disease. Large gatherings, including schools, concerts, and sporting events are being closed or cancelled. But too many businesses and workers are still facing the choice of dealing with the health crisis or the economic one.