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ARA Signed a Letter to Congress Leaders on PPP Loan Forgiveness

Aug 04 2020

On Aug. 4, ARA signed a letter to Speaker of the House Nancy Pelosi and Senate Majority Leader Mitch McConnell calling on Congress to reaffirm its intent to offer tax-free Paycheck Protection Program (PPP) loan forgiveness to Main Street businesses.

ARA and the more than 180 undersigned organizations say that if the IRS Notice 2020-32 remains, Section 1106(i) of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which forgives PPP loans used on payroll, mortgages, etc., will be moot. 

Read the letter to learn more.

READ LETTER