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On August 10th, the Senate approved 69-30 the Infrastructure Investment and Jobs Act (H.R. 3684), a bipartisan infrastructure package that makes investments in roads, bridges, broadband, water, and power, IRS cryptocurrency reporting and other provisions. The Senate has proposed that the bill will be partially paid for with unused COVID funds.
The misnomer in that statement is that businesses in need were counting on the cash impact that these funds were going to provide in order to survive the tumultuous 18-months they have suffered through COVID. In addition, the Senate bill would withdraw these funds for businesses at the same time the COVID delta variant is surging and making many business owners uncertain about the near future.
Read the full profile on Forbes: https://www.forbes.com/sites/lynnmucenskikeck/2021/08/11/how-the-senate-infrastructure-bill-could-strip-struggling-businesses-of-much-needed-cash/?sh=53e7c86a3265
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