May 4, 2020—The Auto Care Association (ACA) has joined the America's Recovery Fund Coalition, an alliance of more than 100 trade associations and businesses advocating for a grant-based federal assistance program to power the American enterprise, according to an ACA press release.
The coalition believes Congress must urgently create a federal direct assistance fund to provide rapid liquidity to businesses impaired by the COVID-19 national emergency.
The coalition stated:
“Existing programs like the Paycheck Protection Program were a well-intentioned effort to help defray the impact of the COVID-19 economic crisis, but we must build upon the current options and address the overwhelming need for additional capital support to businesses."
