U.S. Reps. Michael Quigley (D-IL) and Brian Fitzpatrick (R-PA) have filed the Well being & Health Restoration Act of 2020, the 2 introduced on Oct. 1.
The act (H.R. 8485) establishes a $30 billion restoration fund to assist gyms and health golf equipment devastated by the COVID-19 pandemic. The business has misplaced $13.9 billion in income from March by way of Sept. 1, 2020, in accordance with IHRSA.
If handed, the invoice would permit the $30 billion to be given within the type of grants which might be capped at an precise enterprise loss as much as 10 p.c of the enterprise’s earlier yr’s income or $10 million—whichever is much less.
The grants might be used to assist recipients with payroll prices, funds of principal or curiosity on any mortgage obligation, lease funds (together with lease below a lease settlement), utilities, upkeep (together with development or reconfiguration to accommodate social distancing necessities), provides (together with protecting gear and cleansing supplies), debt obligations to suppliers that have been incurred earlier than the lined interval, and another bills decided by the federal government to be important to sustaining the eligible entity.
IHRSA is coordinating a campaign to get operators within the health business to contact their members of Congress to co-sponsor the invoice and embody it in any future COVID-19 aid invoice.
IHRSA, the Worldwide Well being, Racquet & Sportsclub Affiliation, and IHRSA Board Ex-officio Jim Worthington of the Newtown Athletic Membership labored with Fitzpatrick to draft the invoice. Gale Landers, CEO of Health Components Golf equipment, then gained Quigley’s endorsement of the invoice to make it bipartisan.
“In contrast to many different companies affected by the COVID-19 pandemic, well being and health golf equipment couldn’t pivot to new income streams and plenty of within the business didn’t qualify for help within the first CARES Act,” Fitzpatrick mentioned. “The women and men who work within the health business want and deserve our assist.”