On Monday, the Small Business Comeback Act (H.R. 7671) was introduced in the House by Representatives Filemon Vela (D-TX) and Lance Gooden (R-TX). The bipartisan legislation is receiving praise from businesses across the country.
Below is a sample of what people are saying:
- “The Partnership represents almost 900 small businesses across Eagle County, each of which has their own unique story and deserves an equally tailored federal solution to ensure their doors remain open. The hospitality, lodging, retail and restaurant sectors has already lost hundreds of jobs due to COVID-19 (not to mention our other industry sectors equally impacted), but the Small Business Comeback Act will provide the funding relief our members need as they navigate a drastically altered business landscape.” – Chris Romer, president and CEO of the Vail Valley Partnership
- “The RVG Partnership represents small businesses across our four-county region in the Rio Grande Valley, each of which has their own unique story and deserves an equally tailored federal solution to ensure their doors remain open… We thank Representatives Vela and Gooden and call on Congress to pass the Small Business Comeback Act so that our economic recovery may truly begin.” – Sergio Contreras, president and CEO of the RGV Partnership
- “We wholeheartedly endorse and support the legislation introduced by Representatives Vela and Gooden to establish the Small Business Comeback Act. In this bill, we finally have a vehicle to cultivate a sustainable economic recovery. By prioritizing the hardest-hit businesses and with greater flexibility in how the money can be used, the Comeback Act will help fill the gaps left by earlier programs and give business owners the immediate relief and certainty needed to keep their doors open. As repeated shutdowns and rollbacks of reopening plans continue to disrupt the economy, this legislation will provide the stability that Main Streets across America so desperately need. We thank Representatives Vela and Gooden and call on Congress to pass the Small Business Comeback Act now. The longer we wait, the more costly – and perilous – inaction becomes.” – Trevor Hanger, research director of America’s Recovery Fund
- “We applaud Congressmen Vela and Gooden for outstanding leadership in advancing the Small Business Comeback Act, which is the type of broad-based policy solution needed to stabilize the U.S. economy. As our nation continues to combat the virus, the Comeback Act would provide the capital needed for businesses, including small shopping center owners and their tenants, to survive, recover and drive employment growth. Shopping centers are an integral part of local communities and provide hundreds of billions of dollars in state and local tax revenues, as well as one in four jobs. Without the Comeback Act, the entire industry is at risk resulting in empty storefronts and vacant shopping centers placing an indelible strain on communities across our country.” – Tom McGee, president and CEO of ICSC
- “It is clear that economic recovery is going to require a long-term and wide-ranging solution. This legislation will help America’s franchise businesses replace historic losses in revenue, staving off what could be massive numbers of small businesses’ bankruptcies and layoffs. COVID-19 has affected small businesses of all types, and importantly, this bill doesn’t pick winners and losers by business type, sector, or size. American businesses across the board are hurting. This is the bold solution we need to get through to the other side of this crisis. IFA and America’s 733,000 franchise businesses thank Congressmen Vela and Gooden for their leadership.” – Matt Haller, senior vice president of government relations and public affairs of IFA