National Restaurant Association Statement on Passage of the Paycheck Protection Program Flexibility Act
National Restaurant Association Statement on Bipartisan Vote to Pass the Paycheck Protection Program Flexibility Act.
FOR IMMEDIATE RELEASE
WASHINGTON, D.C. (May 28, 2020) – Today the U.S. House of Representatives passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010). Authored by Reps. Dean Phillips (D-MN) and Chip Roy (R-TX), the bill makes a number of important improvements to the PPP which will benefit restaurants and their employees. The bill was passed overwhelmingly by a vote of 417-1.
National Restaurant Association Executive Vice President of Public Affairs Sean Kennedy released the following statement on the passage of the bill:
“Restaurants have suffered more job and revenue losses than any other sector of the economy because of mandated closures and restrictions on operating. This is why we have expressed, since the beginning of the COVID crisis, that our industry’s unique operations require a flexible recovery program.
“While the PPP program can be a critical tool for helping restaurants and small businesses, changes to the program are needed so it can be utilized as intended.
“Today, the House of Representatives acted with overwhelming bipartisan support to make the PPP program more flexible. We are grateful for the leadership of Reps. Dean Phillips and Chip Roy, and for the bipartisan support of more than 400 of their colleagues who voted for these changes.
“Our focus will now shift toward achieving similar bipartisan results in the Senate because enacting these PPP changes will help restaurants get the relief they need to get employees back to work and the industry on the path to recovery.”
About the National Restaurant Association
Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises 1 million restaurant and foodservice outlets and a workforce of 15.6 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We sponsor the industry’s largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF’s ProStart). For more information, visit Restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube.