May 11, 2020 — The Seafood Harvesters of America (SHA) has written US senators Marco Rubio (a Florida Republican) and Ben Cardin (a Maryland Democrat) — the chairman and ranking member of the Small Business Committee respectively — to fix what the group believes was “an oversight” that’s now blocking fishermen from taking full advantage of the small business loans made available in the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act.
In a letter sent Thursday, SHA, a group that represents 18 US fishing-related trade associations, seeks to allow “fishing businesses to include payments to fishing vessel crew members reported as fishing boat proceeds on Form 1099- MISC as eligible payroll costs under the Paycheck Protection Program (PPP)”.
The PPP refers to the new program that authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.
“We believe it was an oversight that fishing vessel crewmember wages cannot be considered in the fishing business’s PPP loan application as submitted by the vessel owner or captain, and hope it can be easily fixed as [the Department of] Treasury completes their final rule for the PPP,” wrote Robert Dooley and Leigh Habegger, SHA’s president and executive director, respectively.