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News & Press: National Restaurant Association

Big News on Fixes to PPP

Tuesday, May 26, 2020   (0 Comments)
Posted by: Lenza Jolley
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Together, our calls for Congress to fix the Paycheck Protection Program (PPP) on behalf of the restaurant industry are making a difference.   On Wednesday, House lawmakers will vote to approve bipartisan legislation that will make real changes in PPP, extending the period restaurants can use to spend federal loans, giving more flexibility in how the loans are used, and extending the date that restaurants can bring their teams back online.

 

For over six weeks, we have worked with you and our state restaurant association partners to push Congress to finally make the PPP work for an industry that has seen more job loss than any other during this pandemic.  This week’s scheduled vote is proof-positive that together, we can make a difference.

 

We thank House Speaker Nancy Pelosi (D-CA) and Republican Leader Kevin McCarthy (R-CA) for their bipartisan leadership in supporting this measure, and Representatives Chip Roy (R-TX) and Dean Phillips (D-MN) for drafting this needed legislation.

 

The Senate is considering how to fix the PPP – and we will need your voice to press for them to finish the job.  Stay tuned for an update after the House vote and a call-to-action to move a real PPP fix through the Senate.


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