ACEC Calls on Congress to Re-Fund the Paycheck Protection Program
WASHINGTON — The American Council of Engineering Companies (ACEC) sent a letter to House and Senate leaders strongly urging Congress to act on legislation to provide additional funding to recapitalize the Paycheck Protection Program (PPP).
“The PPP program is working to help many of the nation’s engineering firms mitigate cash-flow problems and keep working on essential infrastructure projects, but we are very concerned that the program could be a victim of its own success,” said Linda Bauer Darr, president and CEO, ACEC. “More money must be injected into the program to maintain its capacity so America’s businesses can get the funds they need during this unprecedented crisis.”