ASA is part of coalition in support of JOBS Credit Act
The American Supply Association is part of a coalition of organizations in support of H.R. 676, the JOBS Credit Act of 2020. ASA and its coalition partners are asking that H.R. 676 be included in a future legislative package addressing COVID-19 and the economic harm caused by the pandemic.
The bipartisan bill, introduced in May by Representative Stephanie Murphy (D-Florida) along with original representative cosponsors John Katko (R-New York), Suzan DelBene (D-Washington), Brian Fitzpatrick (R-Pennsylvania) and Chris Pappas (D-New Hampshire), would expand upon the Employee Retention Credit. The ERTC was enacted as part of the CARES Act to provide businesses with a financial incentive to keep employees on the payroll where business operations were fully or partially suspended due to COVID-19-related closing orders, through no fault of their own, or where a company’s gross receipts significantly declined compared to the same quarter last year.