October 21, 2020 — The restaurant industry and small business organizations in the United States are voicing their displeasure with a proposed second round of Paycheck Protection Program (PPP) legislation.
“The Paycheck Protection Program didn’t work for restaurants in March and it won’t work now,” the Independent Restaurant Coalition said in a press release. “Since the program began, one in six restaurants has closed, 2.3 million people are no longer on the payroll, and USD 220 billion [EUR 185 billion] in revenue was lost in just the second quarter.”