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Grassley Meets With Business Owners At Grand River Center On What Effects COVID Has Had On Their Operations

Iowa Senator Charles Grassley held a town hall meeting today (yesterday) with local business owners at the Grand River Center in Dubuque. A number of topics were discussed, including the Paycheck Protection Program, what effects COVID-19 have had on the airline industry and farmers, when a vaccine would be available to Americans and what could be in the next CARES package. Another topic that was discussed was the Reviving the Economy Sustainably Towards A Recovery in Twenty-Twenty or the RESTART Act.  The bipartisan bill would address the shortcomings of the Paycheck Protection Program. It would extend the covered period for the government to deploy PPP funds, offering loans for up to a year and granting partial loan forgiveness for an expanded list of business expenses. Grassley was asked if he would support the bill, but he says he hasn’t had a chance to review it yet. Grassley wants to know if the Congressional Budget Office has figured out how much the bill will costs. Corey Jacobson owns Phoenix Theaters, which has venues located inside Kennedy Mall. He says the RESTART Act would help businesses like his stay afloat during the pandemic and he’s just glad that Grassley is now aware of the legislation. The bill has the support of 52 U.S. Senators. Since its’ introduction in May, there has been no movement on the legislation.

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