The Congressional and Political Affairs team monitors and advocates on legislative matters that affect the accounting profession. The AICPA develops Congressional testimony, has contact with federally-elected officials and their staffs, and works with regulatory agencies to help promote sound policymaking. A complete list of regulatory and legislative issues can be accessed below.
A coalition of 21 associations are calling upon the Treasury and Federal Reserve to use their existing authority and funding from the CARES Act to assist businesses affected by COVID-19.
The AICPA is asking the US Department of Treasury and US Small Business Administration for flexibility in its interpretation of PPP's 8-week clock.
AICPA recommends that the Federal Reserve, with approval from the Treasury Department, create a federally-backed short-term accounts receivable lending facility that would allow companies to pledge their future receivables in order to create immediate cash flow through a 90 to 180-day lending arrangement with the federal government.
How You Can Get Involved
As a CPA, the Congressional and Political Affairs Team encourages all members of the AICPA to be involved in the political process and make your voice heard.
As part of the Institute’s advocacy efforts, the AICPA Federal Key Person Program seeks interested AICPA members to develop relationships with their Senators and Congressperson. Key Persons are periodically asked to call or write Congressional Members regarding specific legislative issues.
The AICPA PAC is a vehicle by which AICPA members can help to have the voice of the profession heard on Capitol Hill. Member contributions to the PAC are welcome at any time and can be made online.
Federal Issue Briefs Series
Library of Congress
A reference for legislative information, Congressional activity, Congressional committees, Members of Congress, Federal Agencies and other information on the legislative process.
Includes links to Senate action, committees, hearings, markups of bills, all official Senators’ websites, etc.
U.S. House of Representatives
Includes links to House action, committees, hearings, markups of bills, all official House Members’ websites, etc.