{"id":34389,"date":"2020-07-24T14:13:35","date_gmt":"2020-07-24T14:13:35","guid":{"rendered":"https:\/\/www.vailvalleypartnership.com\/?p=34389"},"modified":"2020-07-24T14:13:35","modified_gmt":"2020-07-24T14:13:35","slug":"support-growing-for-restart-act-in-next-coronavirus-relief-package","status":"publish","type":"post","link":"https:\/\/www.vailvalleypartnership.com\/2020\/07\/support-growing-for-restart-act-in-next-coronavirus-relief-package\/","title":{"rendered":"Support Growing for\u00a0RESTART Act\u00a0in Next Coronavirus Relief Package"},"content":{"rendered":"<p><strong>WASHINGTON\u00a0<\/strong>\u2013 U.S. Senators Todd Young (R-Ind.) and Michael Bennet (D-Colo.) today announced\u00a023\u00a0new cosponsors have signed on to their\u00a0<a href=\"https:\/\/url.emailprotection.link\/?bLeywlQlGbTNlIa0yEr1rjMVQSag20B1iVrS0phaD2TgDaV7sp5x5DA9DzuMbD3fVfWiE35kg_rZSGlZFgKTwurrYsvfxB1acOemQkM1Jzu45CiTH2xavUZcLeRGQc3ZH76dsLhv06-r16UOXjs8qdUAqKhUTqAOvS_yxy9nVjWQ_QTmmg_QdaCBptQw8gtBXAy1vVE657cZZY2nT9qmD6Q~~\"><em>Reviving the Economy Sustainably Towards a Recovery in Twenty-twenty (RESTART) Act<\/em><\/a>\u00a0for a total of 33 cosponsors.\u00a0Senators Young and Bennet are working to ensure the\u00a0<em>RESTART Act\u00a0<\/em>is included in the next phase of coronavirus relief to help provide a lifeline for the hardest-hit small and mid-sized businesses.<\/p>\n<p>In addition to Senators Young and Bennet, the\u00a0<em>RESTART Act<\/em>\u00a0is cosponsored by Senators\u00a0Lamar Alexander (R-Tenn.),\u00a0Tammy Baldwin (D-Wisc.), Marsha Blackburn (R-Tenn.), Roy Blunt (R-Mo.), Richard Burr (R-N.C.), Shelley Moore Capito (R-W.Va.), John Cornyn (R-Texas),\u00a0Catherine Cortez Masto (D-Nev.), Tom Cotton (R-Ark.),\u00a0Kevin Cramer (R-N.D.), Steve Daines (R-Mont.), Tammy Duckworth (D-Ill.), Joni Ernst (R-Iowa), Dianne Feinstein (D-Calif.), Cory Gardner (R-Colo.),\u00a0Kirsten Gillibrand (D-N.Y.),\u00a0Lindsey Graham (R-S.C.),\u00a0Martin Heinrich (D-N.M.),\u00a0Cindy Hyde-Smith (R-Miss.),\u00a0Tim Kaine (D-Va.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Jeff Merkley (D-Ore.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Pat Roberts (R-Kan.),\u00a0Mitt Romney (R-Utah),\u00a0Jacky Rosen (D-Nev.),\u00a0Brian Schatz (D-Hawaii),\u00a0Debbie Stabenow (D-Mich.), Jon Tester (D-Mont.), Thom Tillis (R-N.C.), and Sheldon Whitehouse (D-R.I.).<\/p>\n<p>\u201cThe Paycheck Protection Program was very successful, but we\u2019re learning that many PPP-eligible small businesses, and other mid-sized businesses that have slipped through cracks, are still struggling to stay open and pay their employees. The\u00a0<em>RESTART Act<\/em>\u00a0would provide a low-interest, partially forgivable, long-term working capital loan\u00a0to get them through one of the most disruptive economic periods in our history,\u201d\u00a0<strong>said Senator Young<\/strong>.<\/p>\n<p>\u201cSince March, I have spoken to countless small- and mid-sized business owners across Colorado who are facing enormous revenue hits\u2014upwards of 50%, 70%, and even 90%,\u201d\u00a0<strong>said Senator Bennet<\/strong>. \u201cThat\u2019s why we created the RESTART Act, which offers sustained support that includes flexible terms on a long-term loan with forgiveness based on how hard they\u2019ve been hit. Momentum continues to build for our proposal as more of our colleagues hear from people in their states that we need to help the hardest-hit businesses weather the next year, not just the next two months.\u201d<\/p>\n<p>Treasury Secretary Steven Mnuchin was\u00a0<a href=\"https:\/\/url.emailprotection.link\/?bJDiJndBNMbfobtoL7UdOoIM7CjaNVqBKL_NCP1LYl8GDwnjVIreB01pwL3L_cqGyQH69rsgFkMIy17HSJjKFVshOGUH-vHYCfYhKPig0_3x0uODbFm7f__Y1hq1GNVwWenBrXnB3ZTHPl6XZNmrv0_oRkxY2Nc_F4zJa_y1ZdJU~\">recently asked<\/a>\u00a0about the\u00a0<em>RESTART Act<\/em>\u00a0being included in the next phase of coronavirus relief. He said, \u201cI think parts of it should be incorporated.\u201d Additionally, the bipartisan legislation is supported by nearly 40 national organizations and more than 40 Indiana businesses.\u00a0View a full list of supporters\u00a0<a href=\"https:\/\/url.emailprotection.link\/?bkPUBf3c0c_G-6uaBYnNt4P8UwspIiXC6rl5DBpgvnMPREbCr7gOsCzsAISDsNRjOgiNZf3WJwzc6hYSsDbvh2oP7kKfDfHwtuu68_c3RiE8zjw8Aby88SwwI8VRp-BNSrJhUHDEbvCtdzs5_S4bmySkIIgIQ7nLqLTe1J_uK1NU~\">HERE<\/a>.<\/p>\n<p>To view a one-pager on the\u00a0<em>RESTART Act<\/em>, click\u00a0<a href=\"https:\/\/url.emailprotection.link\/?bLeywlQlGbTNlIa0yEr1rjMVQSag20B1iVrS0phaD2TgDaV7sp5x5DA9DzuMbD3fVfWiE35kg_rZSGlZFgKTwurrYsvfxB1acOemQkM1Jzu45CiTH2xavUZcLeRGQc3ZH76dsLhv06-r16UOXjs8qdUAqKhUTqAOvS_yxy9nVjWQ_QTmmg_QdaCBptQw8gtBXAy1vVE657cZZY2nT9qmD6Q~~\">HERE<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON\u00a0\u2013 U.S. Senators Todd Young (R-Ind.) and Michael Bennet (D-Colo.) today announced\u00a023\u00a0new cosponsors have signed on to their\u00a0Reviving the Economy&#8230;<br \/><a class=\"read-more\" href=\"https:\/\/www.vailvalleypartnership.com\/2020\/07\/support-growing-for-restart-act-in-next-coronavirus-relief-package\/\">Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[2435],"class_list":["post-34389","post","type-post","status-publish","format-standard","hentry","category-community-press-releases","tag-restart-act"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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