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ELFA has joined more than 25 trade associations in endorsing the bipartisan RESTART Act to support the small- and mid-sized businesses most affected by the COVID-19 crisis. A total of 10 U.S. senators — five Republicans and five Democrats — are co-sponsoring the bill, which Senators Michael Bennet (D-Colo.) and Todd Young (R-Ind.) introduced in May. The measure responds to the urgent needs of hard-hit restaurants, gyms, hotels, retailers, concert venues, and other businesses and nonprofits by creating a loan program to help keep them afloat through the remainder of 2020 and provide loan forgiveness as a backstop against continuing economic challenges.
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