AALU/GAMA Statement in Support of Cares Act

Emergency legislation will provide immediate relief to small businesses, health care providers, workers, and distressed industries

WASHINGTON, D.C.—AALU President and CEO Marc Cadin released the following statement in support of the Coronavirus Aid, Relief, and Economic Security (CARES) Act:

“This is a pivotal moment for our nation,” said Marc Cadin, AALU President and CEO. “Small businesses, many of which our members operate, and also serve as clients, are the backbone of our country, and it is critical that Congress acts to protect them, prevent our economy from even further damage, and for the millions of workers facing unemployment. We are no longer anticipating a health and economic crisis, it is here. We urge Congress to get this bill to the president’s desk to provide much-needed relief to our nation and those whose lives are in danger, and ultimately help put our nation back on the path to financial security.”

The legislation passed the U.S. Senate unanimously last night and will be voted on by the House on Friday. Recently, AALU launched the COVID-19 Action Center for the financial security profession. The website features webinars, podcasts, news updates, and exclusive content surrounding the global pandemic.