Issue Number: 039
CARES Act Key Provisions. Senate Passes.
House Vote Next Step.
This is an NPA Issue Alert: We did it. Parking is on the map on Capitol Hill with Senators & House Representatives. Congress heard loud & clear the parking industry message about our essential role in infrastructure, the massive number of 581,000 direct workers and nearly 1 million workers connected to parking, impacted by the virtual shutdown in parking nationwide.
NPA and our leaders have spent an intensive four days in direct touch with Senators, Congressmen, Congresswomen, legislative and policy directors during the development of the CARES Act.
Key provisions we requested are included in the bill, chief among them aid for our furloughed workers, as a result of the crisis.
KEY PROVISIONS Most Relevant to Parking Industry & Employees
NPA engaged the lobbying team at Arent Fox in Washington, DC to aid us in Hill outreach. See the Arent Fox Summary of the Bill.
Establishment of a $500 billion loan guarantee program for larger companies as well as for nonprofits from 500 to 10,000 employees that the Treasury Department will implement within 10 days of passage.
$350 billion for new, small business lending that includes companies, nonprofits, and others with up to 500 employees (and, in some limited exceptions for larger businesses).
Deferral of the payment by employers of the 6.2 percent payroll tax for their employees until Dec. 31, 2021.
Additional enhancements to employee sick leave and family and medical leave laws, as well as significant new funding for unemployment insurance.
One-time payments for each American ($1,200) and child ($500) with phasing out at higher income levels.
Additional funding for safety-net programs such as $900 million for the Low-Income Heating and Energy Assistance Program, which helps low-income families with energy bills; and $15.5 billion for the Supplemental Nutrition Assistance Program, which provides low-income families with healthy food.
We thank all our members and leaders for an intensive outpouring of calls, letters, emails & texts to request hill support, this raised Hill visibility of how many parking employs and how important this industry is to the business community. Key provisions of this bill will provide aid to our members.
Be sure to visit WeAreParking.org for the latest updates and to access free member resources, as we navigate the crisis.
Once passed, we will be asking you to thank your Representatives.
With best regards,
Christine Banning, IOM, CAE
President, National Parking Association