NATO Hails Pandemic Relief Bill’s Proposed Aid to Movie Theaters

NATO Hails Pandemic Relief Bill’s Proposed Aid to Movie Theaters
As Congress and the White House seem poised to adopt some sort of Covid-19 relief bill, the National Association of Theater Owners on Tuesday pushed for Senate Minority Leader Chuck Schumer’s plan to provide much-needed aid to struggling movie theaters.

The Heroes Small Business Lifeline Act, co-written by Schumer with fellow Democratic senators Chris Coons, Jeanne Shaheen and Ben Cardin, extends the Paycheck Protection Plan created in the first round of relief legislation through March 2021 and expands the Small Business Administration’s debt relief program for up to a year.

For arts and entertainment, the bill also provides dedicated assistance to businesses that rely on large gatherings, including movie theaters, live theaters, concert venues and restaurants — though the exact amount of relief available was not immediately clear.

“The movie theater operators of America are desperate for help from Congress. Without such help, 70% of the theaters in the country could
See full article at The Wrap »

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