Stimulus Bill Unanimously Passes the U.S. Senate

Posted March 26, 2020 at 3:28 pm

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The Unites States Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act unanimously (96-0) to help the linen, uniform and facility services industry, including laundry suppliers, through this challenging time. Click here (member login required) for an overview of the relevant parts of the legislation.

The bill now goes to the U.S. House of Representatives, where Speaker Nancy Pelosi (D-CA) said it will be taken up on Friday “with strong bipartisan support.” Democratic leaders signaled they’d try to clear the package by voice vote to expedite delivery to President Donald J. Trump for his signature.

“While we did not get everything we asked for in the legislation, we did get several provisions that will immediately help the linen, uniform and facility services industry,” said Joseph Ricci, TRSA president and CEO. “We are happy to see the senate did address a new tax credit for employers who continue to pay workers during periods that a business is forced to close temporarily, and allowed workers facing reduced hours to receive unemployment benefits and created an incentive, through loan forgiveness, for our members to retain their employees during this crisis.”

Ricci added, “While this package will help during this crisis, we are still pushing for business interruption insurance reform and a temporary payroll tax cut.”

Click here (member login required) for an overview of the relevant parts of the legislation. To see the full text of the bill, click here.

TRSA will present a webinar on Thursday, April 2, at 2 p.m. EDT to further discuss this economic stimulus package, TRSA’s continued efforts during the COVID-19 pandemic, as well as starting to look forward as the industry recovers from this challenging time. Click here for more information and to register for the webinar.