By Rebeca Romero Rainey
With the Senate considering Paycheck Protection Program reforms after the House passed its reform bill last week, now is the time for community banks to urge lawmakers to enact our recommended changes.
ICBA is calling on community bankers nationwide to use our Be Heard grassroots action center to advocate greater PPP flexibility, such as providing small businesses more time to spend PPP funds, reducing how much must be spent on payroll costs, and allowing a forgiveness presumption of compliance for loans of $1 million or less.
Community bankers like you have worked tirelessly to deliver PPP loans to small businesses. Let's continue our efforts through strong grassroots outreach to maximize the benefit of these loans to the small businesses and local economies we serve.
This is our best shot to make substantive changes to the PPP, so please act now and rally your community bank colleagues, directors and employees to be heard on Capitol Hill.
Rebeca Romero Rainey
President and CEO/
Independent Community Bankers of America