ITASCA, IL – The American Supply Association recently joined its more than 90 coalition partners in supporting an extension of the availability of the Paycheck Protection Plan loan which was set to expire on March 31. The Senate overwhelmingly passed Bill 92-7, and earlier this week President Biden signed the bill.

In a letter to Senators Ben Cardin (D-MD), Susan Collins (R-ME), Jeanne Shaheen (D-NH) and Representatives Nydia Velazquez (D-NY), Blaine Luetkemeyer (R-MO), Carolyn Bourdeaux ( D-GA) and Andy Kim (D-NJ), ASA and its coalition partners thanked these elected officials for their swift bipartisan action to help American small businesses through the continuing economic emergency caused by the COVID pandemic -19. The coalition supports the PPP Extension Act of 2021 which extends the Small Business Administration’s PPP application period beyond the initial expiration date of March 31.

“While we realize that the SBA is under enormous time constraints and struggles with internal resource issues, our members are very concerned about the lack of progress on key processing issues. PPP, including block / error codes and rejection of requests due to Tax Identification Number (TIN) issues or mismatches, in addition to many unresolved technical issues with the current PPP process, ”wrote the coalition. “These delays and refusals can put many applicants at risk of not meeting the March 31 clearance deadline.”

The coalition went on to explain that nearly a year after the start of the COVID-19 pandemic, the persistent liquidity problems of the small business sector are acute, especially for businesses constrained by dramatic capacity restrictions and other critical health and safety protocols in place to protect the public, consumers and workers from COVID-19. “

The coalition also thanked elected officials for widening the window of opportunity “for pandemic programs to have an effective impact on the affected small business sector, especially the traditionally underinvested and underserved groups who must also have the chance to succeed, ”he wrote. .

Last June, ASA members urged Congress to enact the PPP Flexibility Act – bipartisan legislation drafted in response to an SBA announcement reiterating that the rules for forgiveness and program use would not be changed.

President Trump signed the PPP Flexibility Act into law on June 5. The law amends the provisions for PPP forgiveness loans, allowing recipients of PPP forgiveness to defer payroll taxes.

The ASA’s action on the PPP flexibility law came after thousands of ASA members from across the country contacted their federal lawmakers in recent weeks at the start of the COVID-19 pandemic . The action resulted in the inclusion of the ASA industry in essential federal industry recommendations, enabling members to provide essential plumbing, heating, air conditioning and supply services to their communities. respective.