SHRM Affiliates and other nonprofits provide important services to their communities help us protect these organizations
Latest Developments: Paycheck Protection Program
SHRM Chapters and State Councils, like many nonprofit organizations, are experiencing severe financial hardships due to COVID-19. It is important to preserve these organizations’ ability to provide critical services to help HR professionals in every state navigate the current and post-COVID-19 environment.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) extends financial assistance to 501(c)(3) nonprofit organizations through the Paycheck Protection Program (PPP). However, 501(c)(6) organizations are not eligible to participate in the PPP although they are equally impacted by COVID-19. Without congressional support, the financial viability of these organizations is at risk.
Congress is expected to consider future COVID-19 emergency assistance legislation in May. It is likely that lawmakers could amend the CARES Act and expand eligibility requirements for the PPP program at that time. SHRM is advocating for all nonprofits, including 501(c)(6) organizations such as SHRM Chapters and State Councils, be included in emergency assistance legislation.
SHRM encourages Congress to support the inclusion of all nonprofit organizations in any emergency relief legislation. Nonprofit organizations, like SHRM Chapters and State Councils, provide important services to their communities. Absent congressional action, small businesses and nonprofits will be forced to discontinue their services and reduce or eliminate employment.
If you have questions regarding this advocacy action or SHRM’s position on the Paycheck Protection Program, please contact Sean McIntosh at Sean.McIntosh@shrm.org
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