SFA submitted a letter last Sunday, March 22, to the Federal Reserve and the Department of the Treasury calling on the two agencies to support measures that would provide immediate funding and liquidity assistance to businesses, consumers, and markets impacted by the COVID-19 outbreak. Given the unique economic situation created by the virus, SFA also recommended in the letter that a new version of the Term Asset-Backed Securities Loan Facility (TALF) be updated and enacted as soon as possible in order to address the unique economic problems created by the outbreak.

Read SFA’s letter here.