Congress Closing in on Additional COVID-19 Relief
The basis of the COVID-19 relief bill is likely the bipartisan legislative text assembled by the "Gang of Eight." This is expected to change slightly, but the parts most important to NACM are unlikely to shift much. Key parts of the COVID-19 relief bill important to NACM members include:
- No additional debt collection provisions, nor an extension of the small business collections relief included in the CARES Act (which expires in March).
- Additional funding and the opportunity for a second Paycheck Protection Loan, although criteria is expected to be much more stringent this round.
- Possible liability relief to protect businesses that operate responsibly.
PACE LLP is NACM's Washington, D.C., lobbyist on federal issues that impact the business credit community.