Washington Alerts

Washington Alert: President Biden Signs COVID Relief Bill

Today, 50 days into his presidency, President Joe Biden signed into law his COVID-19 relief bill, The American Rescue Plan Act. The massive $1.9 trillion package provides direct payments to Americans, extends jobless benefits and provides a huge financial infusion to states, local governments, and to schools to help them reopen.

The ESOP industries with the most to gain from this round of COVID Relief? Employee owned restaurant groups, airplane manufacturers, and concert venues according to a report from the Washington Post.

Please note that the Small Business Administration faces hurdles when it comes to distributing funds for restaurants. Payments may be slowed as a result. See this Post article for more information.

Full bill text available to the right ------->