CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact

News

Home » Nussle: PPP forgiveness should be included in HEALS Act
Policy & Issues

Nussle: PPP forgiveness should be included in HEALS Act

July 28, 2020
COVID19

Senate Republicans unveiled their version of the next phase of COVID-19 relief legislation late Monday, the Health, Economic Assistance, Liability and School (HEALS) Act. CUNA President/CEO Jim Nussle called on legislators to include Paycheck Protection Program (PPP) forgiveness language in the bill.

“Ensuring that small businesses can remain focused on serving their communities, customers, and employees amid this pandemic has been a tent pole of the Paycheck Protection Program since its creation,” Nussle said. “Unfortunately, the program’s history has also shown the need for Congress to be more prescriptive in its guidance to ensure that those businesses, and the credit unions facilitating their loans, experience a rapid and streamlined process.

“As Congress continues to negotiate the next phase of this crucial program, we encourage the adoption of the bipartisan legislation introduced by Sens. Cramer, Menendez, Sinema, and Tillis, and Reps. Houlahan and Upton. In this critical hour, it’s imperative that America’s small businesses focus on keeping Main Street resilient rather than jumping through regulatory hurdles,” he added.

CUNA strongly supports both House and Senate PPP forgiveness bills, which would, among other things, provide for simple forgiveness of PPP loans under $150,000.

CUNA is currently analyzing the full text of the HEALS Act.

KEYWORDS coronavirus Paycheck Protection Program
Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
Digital Edition •  Subscribe

Trending

  • FOM modernization bill passes House Financial Services Committee

  • FOM modernization bill is free-market solution to address financial access

  • Payment services hub explained

Tweets by CUNA_News

Polls

Are you ready for CECL?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2022 Credit Union National Association | ADA Compliance Notice & Legal
Email Us