On March 11, President Joe Biden signed a $1.9 trillion COVID-19 relief bill into law. AAFA immediately responded with a statement applauding both this stimulus as well as the temporarily extend tariff exclusions for imports of crucial Personal Protective Equipment (PPE) and to temporarily lift other punitive tariffs which have been undue taxes on American businesses and consumers.
This is the third stimulus package signed by the U.S., following the $2 trillion CARES Act approved by Congress in March 2020 and the $900 billion in pandemic relief in December 2020.
On February 1, AAFA - along with Accessories Council, Council of Fashion Designers of America, and the Travel Goods Association - sent a letter to Congressional leadership
recommending measures that would support American businesses and American workers.
AAFA continues to push for additional relief - including legislation to build a backstop for trade credit insurance and create limited liability protections, both of which are needed to sustain our recovery. Questions? Contact Beth Hughes.