The Act would provide $10 billion in assistance to entertainment venues.
Just yesterday, House Democrats submitted an updated version of The Heroes Act, including the Save Our Stages Act, which would provide $10 billion in assistance to entertainment venues across the country.
The bill reads in Section 619 that the act "1. authorizes $10 Billion for the SBA to make grants to eligible live venue operators, producers, promoters, or talent representatives to address the economic effects of the COVID-19 pandemic on certain live venues. 2. The SBA may make an initial grant of up to $12 million dollars to an eligible operator, promoter, producer, or talent representative; and a supplemental grant that is equal to 50% of the initial grant. 3. Such grants shall be used for specified expenses such as payroll costs, rent, utilities, and personal protective equipment."
Earlier this month, Senator Chuck Schumer; Thomas Schumacher, Chairman of the Broadway League; Charlotte St. Martin, President of the Broadway League; and Broadway stars including Laura Benanti and more gathered in Duffy Square in support of the proposed Save Our Stages Act.