The American Society of Association Executives has sent a letter to Sen. John Kerry (D-Mass.) asking him to reconsider the bill he introduced to Congress earlier this week—TARP Taxpayer Protection and Corporate Responsibility Act (S. 463).
If passed, the bill would prevent companies that have received funds from the government’s Troubled Asset Relief Program from hosting, sponsoring, or paying for conferences, holiday parties, and entertainment events unless they receive a waiver from the Secretary of Treasury.
In the letter, John Graham, CAE, president and CEO of ASAE, argues in favor of the Treasury Department’s existing guidelines and the model meeting policies drafted by a coalition of meetings industry organizations. “These model policies are designed to ensure transparency and accountability from recipients of government lending, while protecting the more than 1 million American jobs supported by corporate meetings and events.” A copy of the model policies was sent with the letter.