The $900 billion pandemic relief/economic stimulus package includes MAG relief, potential CERTS grants, and another PPP loan opportunity for smaller car rental companies. ACRA also announces new members.
January 11, 2021
President-elect Biden’s core political philosophies are very different on almost all subjects when compared to President Trump, and ACRA members likely will see new and perhaps unwelcome policy initiatives in 2021 that have been dormant for at least 4 years.
November 12, 2020
The American Car Rental Association found that rentals at airports decreased between 50% and 80% since March 2020, causing many companies to face financial hardship. (Updated Oct. 7)
September 30, 2020
While the White House and House Democrats trade jabs over a compromise 4.0 pandemic bill, ACRA is pushing for airport MAG relief and rent abatement, a liability reform bill, and a payroll tax credit for pandemic-related cleaning supplies and facility modifications.
September 11, 2020
Membership in the American Car Rental Association is more crucial than ever to help car rental companies navigate the Stimulus 4.0 or CARES 2.0 packages, airport concessionaire relief, and liability protection.
July 16, 2020
While ACRA’s federal policy priorities for a CARES 2.0 include rent and minimum guarantees relief at airports and liability protection, members are encouraged to sign a letter to jumpstart the Main Street Program.
June 10, 2020
In a letter to Congress, the American Car Rental Association asks for increased funding and loan extensions for the Paycheck Protection Program, as well as a vehicle buyback program to stimulate new vehicle sales.
April 16, 2020
Small businesses of 500 or fewer employees will have access to $350 billion in loans under the Paycheck Protection Program within the CARES Act. This loan money could turn into a grant under certain circumstances.
April 1, 2020
While this DHS document is not binding on other federal agencies or on state or local governments, it is an important tool to reference if government officials question your company’s continued operation during the pandemic.
April 1, 2020
As state and local governments look to slow the spread of the coronavirus by mandating business closures, the American Car Rental Association maintains that car rental should be able to remain open to meet local and urgent transportation needs.
March 24, 2020
The letter from the American Car Rental Association to Treasury Secretary Mnuchin asks for grants or loans to purchase car rental industry assets, federal funds to help pay airport guarantees and concessions, and deferrals on taxes.
March 19, 2020
Proposed bipartisan legislation will clarify that, under existing Virginia law, the platform — not vehicle owners or “hosts” — is responsible for collecting and remitting all appropriate rental taxes.
January 23, 2020