The Senate is likely to vote next week on a $ 48 billion small business assistance package to help restaurants and bars, buses and ferries, gyms, minor league teams, live support companies activity and border-region businesses that saw significant revenue losses during the pandemic. , the authors of the move said Wednesday.
The main focus of the bill comes from Senate Small Business Chairman Benjamin L. Cardin, D-Md., And Mississippi GOP Sen. Roger Wicker is backfilling the Restaurant Revitalization Fund for nearly two-thirds of applicants who have not received any grant. money under the initial $ 28.6 billion program. It will provide $ 40 billion to do that, while the version passed by the House has $ 42 billion.
Another $ 8 billion in the Senate bill will be allocated to selected industries: $ 2 billion each to gyms and live event servicers, such as companies that provide staging, lighting, sound and cast for theaters; $ 2 billion for transportation service providers such as buses and ferries; $ 500 million for minor league sports teams and $ 1.4 billion for small businesses located near land entry ports closed due to the pandemic.
The House offers an industry -neutral approach to help businesses outside of those approved for RRF grants, allocating $ 13 billion for a “hard -hit” industry grant program based on size and loss of income.
The Independent Restaurant Coalition sent an alert to its members and a tweet Tuesday afternoon saying they “just got word” from Senate Majority Leader Charles E. Schumer that “the Senate will vote next week on filling the Restaurant Revitalization Fund ”and urging them on the Call of Senators to support.