Removing Barriers Blog

Action Alert: PPP loan forgiveness legislation
Posted August 05, 2020 by CUNA Advocacy

Yesterday, CUNA continued its strong push to include Paycheck Protection Program (PPP) forgiveness language in the next phase of pandemic relief legislation by updating the action alert calling on credit unions and small business to support the bill.

There are bipartisan Senate and House bills offering simplified forgiveness of PPP loans under $150,000 that credit unions are advocating for inclusion as Congress continues negotiations on COVID-19 relief legislation.

The bills would also ensure a lender will be held harmless from any enforcement action if the borrower’s attestation contained falsehoods.

In addition to reaching out to members of Congress urging them to support inclusion, CUNA is also asking credit unions to activate their members to share with Congress the importance of having the PPP loans forgiven.  

Act now!