US House leaders from both sides of the aisle expressed optimism Thursday afternoon about what will hopefully be swift passage of the emergency $2.2 trillion relief bill aimed at mitigating the financial crisis caused by the coronavirus pandemic. The last remaining hurdle is a possible procedural issue that could delay sending the measure to President Trump.

US House leaders from both sides of the aisle expressed optimism Thursday afternoon about what will hopefully be swift passage of the emergency $2.2 trillion relief bill aimed at mitigating the financial crisis caused by the coronavirus pandemic. The last remaining hurdle is a possible procedural issue that could delay sending the measure to President Trump.

House Speaker Nancy Pelosi (D-Calif.) said she still feels confident the massive legislation will be brought to the House floor on Friday and said during a press conference Thursday morning she felt certain “we will have a strong bipartisan vote.”

She is seeking to hold a voice vote, which would not require the House’s 429 sitting members to reconvene in Washington—a strategy endorsed by House Minority Leader Kevin McCarthy (R-Calif.), given that multiple lawmakers have contracted coronavirus or are in self-quarantine.

What does this mean for RV park and campground small business owners?

 The legislation as it stands currently will provide the following:

  • $500 billion as part of a lending program for businesses (including small businesses);
  • Establish a $367 billion employee retention fund to help small businesses maintain payroll;
  • $130 billion to hospitals and provide four months of expanded unemployment insurance, among other things;
  • $1,200 to most American adults and $500 for most children;
  • $150 billion for states and local governments;
  • Four months of expanded unemployment benefits; and
  • Deferrals of taxes. 

 

The ARVC advocacy team is working with our ORR, the RV Industry Association, RVDA and other industry partners in Washington to advocate for our industry and to keep a pulse on this constantly evolving story. We will update our members as soon as more specific information is known.

In the meantime, it is recommended that all RV parks and campgrounds affected financially by this pandemic move forward with SBA disaster loan applications. Links on where and how to apply are available on arvc.org/coronavirus.

Earlier this week, Congress passed two smaller relief bills: an $8.3 billion emergency supplemental package for the country’s health-care system and a $100 billion bill to provide free coronavirus testing, as well as support paid sick leave and unemployment insurance for all businesses.