A months-old bipartisan proposal for small business relief that is even broader than the Paycheck Protection Program seems to be gaining traction, and it could be a major part of the next stimulus package. Here’s what you need to know about it.
The RESTART Act was proposed back in May by Sens. Todd Young (R-Ind.) and Michael Bennet (D-Colo.) as a broader alternative to the Paycheck Protection Program, which at the time they said was insufficient for the needs of the small and mid-sized businesses hit hardest by the coronavirus pandemic.