America’s Recovery Fund Coalition calls for a holistic package that will benefit businesses without favoring one sector at the expense of another
September 30, 2020 – America’s Recovery Fund Coalition (ARFC) released the following statement in reaction to the latest proposed COVID-19 relief package:
“While we appreciate members of Congress are proposing additional relief for communities, we hope this first step will be followed by a more holistic approach that will benefit a broader swath of businesses and industries,” said Trevor Hanger, research director for ARFC. “The economic recovery from COVID-19 is still far from pre-pandemic levels, and all evidence suggests some industries and sectors are faring better than others. Any legislation Congress passes to provide further financial support to struggling businesses must do so without discriminating based on business-type or ownership classification.
“ARFC has repeatedly called on Congress to pass holistic legislation to provide federal grants to businesses, transparently and efficiently, that allow business owners and employees the certainty and support they need to weather the storm.
“The bipartisan Small Business Comeback Act, introduced by Representatives Filemon Vela and Lance Gooden, provides support to businesses because it improves upon the Paycheck Protection Program by increasing participation, not making exceptions or appropriating billions of dollars for specific subgroups of businesses in individual sectors while leaving everyone else to fend for themselves. We implore Congress not to give up on another package, and to ensure any additional financial support takes a holistic view and is fair, transparent, and available to any business that needs help.”