Recent AAHOA Advocacy Updates
Ask Your Policymakers to Support the NOVID Act to Help Increase American Aid to India
With the current death toll from COVID-19 in India at more than 3.5 million and rising, time is of the essence to support the country as it continues to grapple with the virus’s devastating effects. We’re asking you to sign and send a letter to your U.S. senators and members of the U.S. House of Representatives in support of the NOVID Act (Nullifying Opportunities for Variants to Infect and Decimate). This bill would increase American aid to India, among other countries, by dramatically expanding the nation’s international coronavirus prevention and vaccination efforts.
AAHOA Members, Raise Your Voices to Save Section 1031 (Like-Kind Exchange)
IRC Section 1031 (Like-Kind Exchange) provides hoteliers across the country with an efficient and fair way to transition into new properties and, in the process, continue to contribute to their communities. As a concerned hotelier, you have the opportunity to sign a letter that will be sent to both of your U.S. senators and your member of the U.S. House of Representatives. The letter emphasizes how important Like-Kind Exchanges are to your way of life and how destructive the elimination of these exchanges would be to local economies during this emerging economic recovery. Your voice is needed to protect Section 1031, so let it be heard!
New York Times: Map of State Reopening Plans and Mask Mandates
All across the country, mask mandates have eased, restrictions have lifted, and many states have gone back to business as usual. It appears much of the country will be open with few restrictions by the Fourth of July. The New York Times is tracking coronavirus restrictions at the state level, including what businesses are allowed to open and whether officials require masks. A state is considered fully reopened once it has lifted all specific restrictions on businesses statewide, though masking and social-distancing rules and limits on gatherings may remain in effect. Stricter local orders may also be in place, and local conditions may not always reflect state requirements. For more in-depth information on reopening, check out this helpful COVID-19 State and Local Policy Tracker from our friends at MultiState Associates.
ICMYI: Job Growth Ticks Up in May, Unemployment Rate Dips Below 6%
Recently, the Department of Labor released the May 2021 jobs report, showing moderate job growth throughout the month coupled with declining unemployment rates. Leisure and hospitality businesses added 292,000 employees back to the workforce with 35,000 returning to employment in accommodations. The unemployment rate for May was 5.8%, dropping below 6% for the first time since the onset of the pandemic. The U.S. labor market still lags 7.6 million jobs behind pre-pandemic levels.
The Paycheck Protection Program (PPP) Funds Run Dry
On May 4, the Small Business Administration (SBA) confirmed that the PPP has run out of funds weeks before its expiration on May 31. Lawmakers in Washington, D.C., passed a bill in March to extend the PPP to the end of May. While $8 billion allocated to community financial institutions still remains, many applicants may no longer have access to the forgivable payroll loan. The SBA reported that it will continue to process and payout approved PPP applications from other lenders. The PPP has been a vital source of relief for America’s hoteliers during these challenging times. We will continue to engage with lawmakers to advocate for more funding for the PPP so that any hotelier in need can access the program.
American Rescue Plan
President Biden delivered a joint address to Congress in which he highlighted the administration’s policy priorities, among other key issues. The $1.9-trillion American Rescue Plan signed into law back in March is the first of three relief packages the administration aims to push through Congress. Currently, our team is working alongside our state and local hospitality partners to ensure hoteliers have access to portions of the $350 billion that the American Rescue Plan allocated to state-level economic recovery. AAHOA’s American Rescue Plan Toolkit is a great resource to guide you through steps to take when engaging state and local lawmakers on the matter.
Save Hotel Jobs Act
Rep. Charlie Crist (D-FL) and Sen. Brian Schatz (D-HI) introduced the Save Hotel Jobs Act, which would provide hoteliers with tax credits and payroll grants. This bill is the first proposal to offer direct, targeted relief to hotels so that they remain open and keep employees on payroll. Join our call to action and contact your members of Congress to request their support for the Save Hotel Jobs Act.