Here’s what happened today in the fight to save local and independent restaurants:
But first! We’re going live on our Instagram story tomorrow at 3 p.m. ET with another Q&A to answer more questions about the CARES Act, changes being made to the policy, and what it means for restaurants. I’ve included more information on that below, but first a quick update on the week so far and what the state of play is on Capitol Hill.
Our voices are being heard, and it’s easy to understand why — because they’re coming from every state across the country. People from every corner of the nation have joined this movement and are helping us to turn up the heat.
New information just released by the Small Business Administration (SBA) didn’t include answers to all of our unanswered questions and we are continuing to work with Congressional leaders to push the SBA for specific changes to the Paycheck Protection Program (PPP). This includes much needed clarity on key provisions like an extension of the June 30th deadline for the end of the program and increased flexibility for when the loan proceeds can be used and forgiven by our members.
On Capitol Hill, negotiations continue over a new relief package. The next package could be additional funding just for the PPP (the Treasury Department is asking for an additional $250 billion for the program) or it could expand to include additional priorities Senator Chuck Schumer and Speaker Nancy Pelosi are advocating for, which can be found here.
WE’RE GOING LIVE ON INSTA (AGAIN!) TOMORROW AT 3 PM ET
Tomorrow, restaurateur Kevin Boehm and policy expert Chris Lamond will host a live Q&A on our Instagram story to answer more questions about the CARES Act and what it means for restaurants. Tune in to the @IndpRestaurants Instagram story at 3 p.m. ET tomorrow and please spread the word on social media:
Post: Questions remain about the CARES Act and what it means for independent restaurants. Tune in to the @IndpRestaurants Instagram story at 3pm ET on Thursday for a live Q&A to learn more. #SaveRestaurants