IFA, 96 BUSINESS GROUPS CALL ON CONGRESS TO PASS PPP SECOND DRAW, DEDUCTIBILITY, & FORGIVENESS

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WASHINGTON, DEC. 1</strong> – The International Franchise Association (IFA), along with 96 business groups, today sent a letter</a> to Congress encouraging swift passage of legislation that would allow small businesses a second draw on Paycheck Protection Program (PPP) loans, ensure PPP tax deductibility, and provide forgiveness for the smallest PPP borrowers. </span></span></span></span></span></span></span></p>

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The groups, which include IFA, the American Hotel and Lodging Association, the American Trucking Associations, Associated Builders and Contractors, International Council of Shopping Centers, NFIB, National Association of Manufacturers, the Small Business and Entrepreneurship Council, the U.S. Chamber of Commerce, the US Travel Association, and the Wine and Spirits Wholesalers Association, represent a broad sector of the American economy. </span></span></span></span></span></span></span></p>

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“IFA research shows that without Congressional relief, some 36,000 franchise small businesses won’t survive the winter. Thankfully, there’s still time for Congress to act – but the clock is ticking for American small businesses, their employees, and the communities they support,” said Mike Layman</strong>, IFA Vice President of Government Relations. “Congress should move quickly to support these American small businesses who have worked so diligently to keep their lights on and workers employed in an unprecedented situation.”  </span></span></span></span></span></span></span></p>

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In part, the letter</a> states: </span></span></span></span></span></span></span></p>

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Small businesses are struggling throughout the country during this unprecedented health and economic crisis. With the election now behind us, our members are desperately calling on Congress to act. It is unconscionable that there is more than $130 billion still available in the PPP loan program, yet small businesses and their employees are unable to access those critical funds because of congressional inaction. We urge you to provide a lifeline for small businesses facing insolvency, closure, and layoffs from what has become a prolonged economic crisis due to the pandemic.</em></span></span></span></span></span></span></span></p>

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The full letter is available online here</a>. </span></span></span></span></span></span></span></p>

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The list of signatories is below: </span></span></span></span></span></span></span></p>

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AICC, The Independent Packaging Association</span></span></span></span></span></span></span></p>

Academy of General Dentistry</span></span></span></span></span></span></span></p>

Agricultural Retailers Association</span></span></span></span></span></span></span></p>

Air Conditioning Contractors of America</span></span></span></span></span></span></span></p>

American Association of Franchisees and Dealers</span></span></span></span></span></span></span></p>

American Bakers Association</span></span></span></span></span></span></span></p>

American Beverage Licensees</span></span></span></span></span></span></span></p>

American Foundry Society</span></span></span></span></span></span></span></p>

American Frozen Food Institute</span></span></span></span></span></span></span></p>

American Hotel & Lodging Association</span></span></span></span></span></span></span></p>

American Institute of Architects</span></span></span></span></span></span></span></p>

American Road & Transportation Builders Association</span></span></span></span></span></span></span></p>

American Society of Travel Advisors</span></span></span></span></span></span></span></p>

American Staffing Association</span></span></span></span></span></span></span></p>

American Trucking Associations</span></span></span></span></span></span></span></p>

American Veterinary Medical Association</span></span></span></span></span></span></span></p>

Asian American Hotel Owners Association</span></span></span></span></span></span></span></p>

Associated Builders and Contractors</span></span></span></span></span></span></span></p>

Associated Equipment Distributors</span></span></span></span></span></span></span></p>

Associated General Contractors of America</span></span></span></span></span></span></span></p>

Association of the Wall and Ceiling Industry</span></span></span></span></span></span></span></p>

Auto Care Association</span></span></span></span></span></span></span></p>

CAWA – Representing the Automotive Parts Industry</span></span></span></span></span></span></span></p>

Commercial Food Equipment Service Association</span></span></span></span></span></span></span></p>

Consumer Bankers Association</span></span></span></span></span></span></span></p>

The Design-Build Institute of America</span></span></span></span></span></span></span></p>

Energy Marketers of America</span></span></span></span></span></span></span></p>

Equipment Leasing and Finance Association</span></span></span></span></span></span></span></p>

Family Enterprise USA</span></span></span></span></span></span></span></p>

Foodservice Equipment Distributors Association</span></span></span></span></span></span></span></p>

Franchise Business Services</span></span></span></span></span></span></span></p>

Global Business Travel Association</span></span></span></span></span></span></span></p>

Global Cold Chain Alliance</span></span></span></span></span></span></span></p>

ISSA – The Worldwide Cleaning Industry Association</span></span></span></span></span></span></span></p>

Independent Electrical Contractors</span></span></span></span></span></span></span></p>

Independent Insurance Agents & Brokers of America</span></span></span></span></span></span></span></p>

Independent Office Products & Furniture Dealers Alliance</span></span></span></span></span></span></span></p>

Industrial Fasteners Institute</span></span></span></span></span></span></span></p>

International Council of Shopping Centers</span></span></span></span></span></span></span></p>

International Foodservice Distributors Association</span></span></span></span></span></span></span></p>

International Franchise Association</span></span></span></span></span></span></span></p>

International Warehouse Logistics Association</span></span></span></span></span></span></span></p>

Job Creators Network</span></span></span></span></span></span></span></p>

Latino Hotel Association</span></span></span></span></span></span></span></p>

Manufacturer & Business Association</span></span></span></span></span></span></span></p>

Marine Retailers Association of the Americas</span></span></span></span></span></span></span></p>

NACS</span></span></span></span></span></span></span></p>

NFIB</span></span></span></span></span></span></span></p>

National Association of Black Hotel Owners, Operators and Developers</span></span></span></span></span></span></span></p>

National Association of Electrical Distributors</span></span></span></span></span></span></span></p>

National Association of Home Builders</span></span></span></span></span></span></span></p>

National Association of Manufacturers</span></span></span></span></span></span></span></p>

National Association of the Remodeling Industry</span></span></span></span></span></span></span></p>

National Association of Professional Employer Organizations</span></span></span></span></span></span></span></p>

National Association of Trailer Manufacturers</span></span></span></span></span></span></span></p>

National Association of Truckstop Operators</span></span></span></span></span></span></span></p>

National Association of Wholesaler-Distributors</span></span></span></span></span></span></span></p>

National Community Pharmacists Association</span></span></span></span></span></span></span></p>

National Cotton Council</span></span></span></span></span></span></span></p>

National Council of Chain Restaurants</span></span></span></span></span></span></span></p>

National Electrical Contractors Association</span></span></span></span></span></span></span></p>

National Electrical Manufacturers Representatives Association</span></span></span></span></span></span></span></p>

National Fastener Distributors Association</span></span></span></span></span></span></span></p>

National Fisheries Institute</span></span></span></span></span></span></span></p>

National Franchisee Association</span></span></span></span></span></span></span></p>

National Marine Distributors Association </span></span></span></span></span></span></span></p>

National Office Products Alliance</span></span></span></span></span></span></span></p>

National Pawnbrokers Association</span></span></span></span></span></span></span></p>

National Ready Mixed Concrete Association</span></span></span></span></span></span></span></p>

National Restaurant Association</span></span></span></span></span></span></span></p>

National Retail Federation </span></span></span></span></span></span></span></p>

National Stone, Sand and Gravel Association</span></span></span></span></span></span></span></p>

National Waste & Recycling Association</span></span></span></span></span></span></span></p>

Nebraska Retail Federation</span></span></span></span></span></span></span></p>

New Hampshire Retail Association</span></span></span></span></span></span></span></p>

North American Association of Food Equipment Manufacturers</span></span></span></span></span></span></span></p>

Office Furniture Dealers Alliance</span></span></span></span></span></span></span></p>

Outdoor Power Equipment and Engine Service Association</span></span></span></span></span></span></span></p>

The Payroll Group</span></span></span></span></span></span></span></p>

Pet Industry Distributors Association</span></span></span></span></span></span></span></p>

Petroleum Equipment Institute</span></span></span></span></span></span></span></p>

Professional Beauty Association</span></span></span></span></span></span></span></p>

Retail Association of Maine</span></span></span></span></span></span></span></p>

Retail Bakers of America</span></span></span></span></span></span></span></p>

Small Business Council of America</span></span></span></span></span></span></span></p>

Small Business & Entrepreneurship Council</span></span></span></span></span></span></span></p>

Small Business Legislative Council</span></span></span></span></span></span></span></p>

Small Business Majority</span></span></span></span></span></span></span></p>

Society of American Florists</span></span></span></span></span></span></span></p>

Tire Industry Association</span></span></span></span></span></span></span></p>

The Transportation Alliance</span></span></span></span></span></span></span></p>

U.S. Chamber of Commerce</span></span></span></span></span></span></span></p>

U.S. Travel Association</span></span></span></span></span></span></span></p>

United Fresh Produce Association</span></span></span></span></span></span></span></p>

Washington Retail Association</span></span></span></span></span></span></span></p>

Wine & Spirits Wholesalers of America</span></span></span></span></span></span></span></p>

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