MBA Statement on the Passage of the Consolidated Appropriations Act, 2021
|Rob Van Raaphorst|
WASHINGTON, D.C. (December 22, 2020) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the passage of the Consolidated Appropriations Act, 2021.
"MBA commends Congress for passing this important piece of legislation that provides the necessary tools to protect borrowers, renters, and small businesses.
"We especially appreciate rental assistance for tenants, enhancements to the Paycheck Protection Program (PPP) to help the hospitality sector, continued Troubled Debt Restructuring (TDR) relief for all financial institutions, and continuation of the TALF program. Additionally, we welcome the extension of unemployment insurance and direct assistance for the millions of people who have been affected by the COVID-19 pandemic.
"On behalf of the real estate finance industry, we look forward to continuing to work with the administration, Congress, and the Federal Reserve to support all consumers and businesses."