The Save Our Stages Act has re-emerged in a new Senate Democrat relief bill aimed specifically at small businesses.
The $370 billion bill, entitled the Heroes Small Business Lifeline Act, contains the small business provisions of the most recent Heroes Act, including extending the Paycheck Protection Program through March 2022 and supporting theatrical venues and restaurants through the Save our Stages Act and the Restaurants Act. The introduction of the bill Tuesday comes as the fate of a larger stimulus package remains uncertain.
The legislation was introduced by Sens. Ben Cardin (D-Md.), Jeanne Shaheen (D-N.H.), Chris Coons (D-Del.). and Senate Minority Leader Chuck Schumer (D-N.Y.), who has been an outspoken proponent of the Save Our Stages provision. In a press release, the senators said the bill is meant to meet the pressing needs of small businesses, which they fear will not be met by Republicans’ proposed relief measures.
“The HEROES Small Business Lifeline Act meets the scale of the need in our country—providing grants, affordable long-term capital, and small business debt relief to the most vulnerable and hardest-hit small businesses and sectors,” Cardin said. “COVID-19 cases are rising every day. Senate Republicans’ proposal to only reinstate