Steve Lamar, CEO and President, American Apparel & Footwear Association President welcomed the passage of the PPP Extension Act of 2021, which will extend the Small Business Administration’s Paycheck Protection Program (PPP) application period beyond the March 31, 2021 sunset date.

Lamar said, giving small business more time to file PPP applications is essential for our industry, and our workers, to make it through to the other side of the pandemic. This is an important signal from the federal government that they will continue to support American businesses and American workers until the economy can sustain itself.

Earlier this month, AAFA called on Congressional leadership to lead swift bipartisan action on PPP extension to provide relief to America’s small businesses that led to today’s passage of the PPP Extension Act. Beyond stimulus, AAFA continues to remind Congress that the industry needs legislation to build a backstop for trade credit insurance and create limited liability protections, both of which are needed to sustain the industry's recovery.