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Act Today! Request Disaster Assistance for Franchisees

S.3548 has been introduced in the Senate that specifically takes action to assist small business owners from the effects of Coronavirus pandemic. We now have a starting point to work from and will do our best to keep you up to date on its progress and other legislation that impacts franchisees. The main points of this legislation are to get money into the hands of small business owners through disaster loans, penalty free access to retirement funds, and possibly grants.

Franchisee Action Required – H.R. 6201, Families First Coronavirus Response Act

As you probably know, and has been widely reported, the U.S. House of Representatives passed H.R. 6201, the Families First Coronavirus Act overnight this past Friday.  It will be debated and likely passed in the Senate on Monday, and the President has already expressed his support.  Of course, the question on all of our minds is how does it impact us as franchisees?  First, a lot will come out in the coming days, with many organizations providing their analysis of the legislation.  It’s 124 pages long, so it’s not an easy task.  As detailed analysis becomes available, I will get that to you. A link to the legislation can be found here.

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