The National Retail Federation (NRF) recently sent a letter to the US Congress recommending steps to improve the effectiveness and impact of the CARES Act. The steps include expanding eligibility to small businesses with multiple locations to increasing funding for Economic Injury Disaster Loans by $50 billion, NRF president Matthew Shay said in a statement.
“...We know that more can be done to provide certainty for the retail industry and the 52 million American jobs that depend on its health,” he said.The National Retail Federation (NRF) recently sent a letter to the US Congress recommending steps to improve the effectiveness and impact of the CARES Act. The steps include expanding eligibility to small businesses with multiple locations to increasing funding for Economic Injury Disaster Loans by $50 billion, NRF president Matthew Shay said in a statement.#
The recommendations were in response to announcements made by the Federal Reserve and the Treasury Department on efforts to help businesses with liquidity issues during the coronavirus pandemic.
“We appreciate the speed by which our elected leadership is addressing critical needs. We will continue to work with them in an effort to ensure the vitality of the industry, the safety of its workers and the health of its customers,” Shay added.
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