Senate Democratic Leader Chuck Schumer to Co-Sponsor RESTAURANTS Act
The National Restaurant Association announced today that Sen. Chuck Schumer will co-sponsor the Senate version of the RESTAURANTS Act of 2020.
"As one of the hardest hit industries during this pandemic, we must do everything we can to ensure our restaurants and our restaurant workers are protected, otherwise we will shortchange our entire economy,” said Senate Minority Leader Chuck Schumer (D-NY). “I am proud to stand with the National Restaurant Association and support the RESTAURANTS Act to give restaurants the relief they need to weather this crisis so they can eventually fully reopen and bring back to work millions of workers who have lost their jobs."
Click here to read the full Senate RESTAURANTS Act.
Other reforms being sought at the national level include fixes to PPP for restaurants. Under current proposals, restaurant operators who had Payroll Protection Program (
PPP) loans forgiven may lose some key tax deductions, creating a surprise tax liability. Additionally, the majority of restaurants might not be eligible for a new round of
PPP funding.
These two critical issues are why you need to take action now.
Click here to send a message to Illinois Congressional leaders to urge them to protect restaurants.