Coalition Letter in Support of H.R. 7894 - PPP Small Business Enhancement Act

Tuesday, September 15, 2020 - 2:00pm

September 14, 2020

The Honorable Nancy Pelosi The Honorable Kevin McCarthy
Speaker Republican Leader

The Honorable Steny Hoyer The Honorable Steve Scalis e
Majority Leader Republican Whip

The Honorable Nydia Velasquez The Honorable Steve Chabot
Chairwoman Ranking Member
House Committee on Small Business House Committee on Small Business

Dear Speaker Pelosi, Leader Hoyer, Leader McCarthy , Whip Scalise , Chairwoman Velasquez
and Ranking Member Chabot :

On behalf of the undersigned organizations, we write to convey our strong support for the
Paycheck Protection Program Small Business Enhancement Act (H .R.7894 ). This bi -partisan
bill would provide critical help for the small businesses and organizations which continue to face
unprecedented challenges as they fight to survive and recover from the ongoing COVID -19
crisis. We respec tfully urge Congress to promptly enact the provisions set forth in this bill . To
this end, w e ask the House Committee on Small Business to include H.R. 7894 in an upcoming
markup hearing with the ultimate goal of these provisions being signed into law .

If enacted, the Paycheck Protection Program Small Business Enhancement Act would:

- Provide businesses that have experienced a reduction in gross receipts of more than 20%
as compared to last year with the opportunity to apply for a second Paycheck Protect ion
Program (PPP) loan ;

- Allow 501(c)(6) nonprofits, like local chambers and trade associations, to receive PPP
loans for the first time;

- Permit business to use PPP loan funds on protective equipment and COVID -19 testing
expenses ;

- Allow businesses to receive their regular tax deductions for eligible expenses paid with
PPP loan funds;

- Provide PPP lenders with a robust safe harbor from liability for the statements and
representations of borrowers; and

- Allow automatic forgiveness for loans under $150,000 while maintaining the ability of
SBA to audit those loans for compliance.

America’s small businesses and the 501(c)(6) nonprofits that support them will be essential to
stabilizing and rebuilding our economy . T he Paycheck Protect ion Program Small Business

Enhancement Act would provide these entities with critical funding which they will surely need
to help shoulder this enormous task.

We thank you for your consideration of this matter and stand ready to provide any additional
information or support that may be require d to help enact these common sense provisions .

Sincerely,

American Pet Products Association
American Subcontractors Association
Commercial Food Equipment Service Association
DHI – Door Security & Safety Professionals
Electronics Representatives Association
Foodservice Consultants Society International
Global Cold Chain Alliance
Independent Community Bankers of America
Independent Electrical Contractors
International Franchise Association
National Association of the R emodeling Industry
National Association of Truckstop Operators
National Electrical Contractors Association
National Marine Distributors Association
National Ready Mixed Concrete Association
National Small Business Association
NFIB
North American Association of Food Equipment Manufacturers
Outdoor Power Equipment and Engine Service Association
Pet Industry Distributors Association
Petroleum Marketers Association of America
Promotional Products Association International
Saturation Mai lers Coalition
Secondary Materials and Recycled Textiles Association
Small Business Council of America
Small Business Legislative Council
Society of American Florists
Specialty Equipment Market Association
Specialty Tools and Fasteners Distributors Associa tion
Tire Industry Association
Transportation Intermediaries Association
U.S. Chamber of Commerce
United Veterinary Services Association
Vacation Rental Management Association