ATLANTA, Ga., March 23 – AAHOA President & CEO Cecil P. Staton issued the following statement on Senate failure to negotiate and pass the Coronavirus Aid, Relief, & Economic Security (CARES) Act for a second straight day:
“America’s small businesses and their employees are running out of time while Washington insiders play politics with their futures. Congress needs to come together and deliver critical financial assistance to the industries and workers hit hardest by the COVID-19 pandemic. As the negotiations continue, we urge Congress and the Trump administration to include real economic relief for small business owners and address the liquidity crisis facing thousands of hotel owners across the country. Without a robust loan relief program, America could be facing a commercial mortgage crisis of historic proportions. We need a financial solution that reflects small business owners’ needs, and we need it now.”
