House Democrats have introduced an updated version of the HEROES Act, which would infuse $2.2 trillion into the economy, that includes the RESTAURANTS Act, a $120 billion grant program for independent restaurants and bars to cover payroll, rent, and other costs.
The Independent Restaurant Coalition praised this move and urged Congress to pass the legislation quickly. “The revised version of the HEROES Act is the best plan Congress has put forward to protect the livelihoods of the 11 million people employed by independent restaurants across the country,” said the Coalition in a statement. “Independent restaurants are out of options, and by providing flexible grants based on revenue losses to independent restaurants who need them, Congress can ensure many businesses have a shot at surviving colder weather and getting through the pandemic.”
To date, the RESTAURANTS Act has secured over 200 House co-sponsors, and continues to grow support in the Senate, with 13 senators signing on in the past month alone.
Related: Nearly 90 Percent of NYC Restaurants Couldn't Pay August Rent; NYC Council Passes Surcharge Bill to Help Restaurants with COVID Costs.
from Industry Operations https://ift.tt/2EKRALg
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