The Senate is expected to vote next week on a $48 billion small business relief package to help restaurants and bars, buses and ferries, gyms, minor league teams, event support companies live and businesses in border regions that have suffered significant revenue losses during the pandemic. , the authors of the measure said on Wednesday.
The primary focus of Senate President’s Small Business Bill Benjamin L. Cardin, D-Md., and Mississippi GOP Sen. Roger Wicker is filling out the restaurant revitalization fund for about two-thirds of applicants who didn’t get a grant. money under the original $28.6 billion program. It would provide $40 billion to do so, while a version passed by the House had $42 billion.
The remaining $8 billion in the Senate bill would be split among certain industries: $2 billion each for gyms and live event providers, such as companies that provide staging, lighting, sound and casts for theatres; $2 billion for transportation service providers like buses and ferries; $500 million for minor league sports teams and $1.4 billion for small businesses located near land ports of entry that have been closed due to the pandemic.
The Chamber has proposed an industry-neutral approach to help companies other than those approved for RRF grants, allocating $13 billion to a ‘hard-hit’ industrial grant scheme based on size and revenue loss .
The Independent Restaurant Coalition sent an alert to its members and tweeted late Tuesday afternoon saying they “just learned” from Senate Majority Leader Charles E. Schumer that “the Senate will vote on the next week about filling the Restaurant Revitalization Fund” and urging them to call senators for support.