SMACNA Urges Congress to Include All 501(c) Organizations in Emergency Stimulus Package
so many other US employers, SMACNA firms have been significantly impacted by the novel
coronavirus outbreak. As
our nation works to address this public health and economic crisis we are facing,
SMACNA is urging government officials at all levels to recognize the important role of
nonprofit organizations, especially business trade associations and the vital
work they perform. While SMACNA is grateful Congress included funds through expanded
Small Business Administration (SBA) loans to small businesses and Internal
Revenue Code Section (Section) 501(c)(3) nonprofit organizations, among others,
we are deeply concerned that the definitions put forth in this critical
legislation does not expressly include other nonprofit Section 501(c)
organizations. This oversight includes Section 501(c)(6) organizations such
as trade, professional and membership associations. To that end, SMACNA is urging the House and Senate to explicitly recognize all 501(c) organizations within the definition of “nonprofit organization” for SBA loan eligibility in stimulus initiatives approved during this pandemic. These SBA loans may be necessary to allow trade and standards setting associations to continue to provide essential membership services. Without this option of SBA loans and financial support, many associations could fail.
The construction industry builds and maintains critical infrastructure, including vital energy and communication systems, roads and bridges, and social infrastructure, including police, fire and health care facilities. Associations and other Section 501(c) organizations play an important role to train America’s workforce, create industry and professional standards and disseminate essential information and resources to people during times of crisis. These organizations are already needed to help coordinate federal resources, and they require staff to fulfill this duty. Without support, however, and due to unprecedented financial loss from event cancellations, associations will be unable to meet this critical obligation.