U.S. Senators Catherine Cortez Masto and Kevin Cramer, along with U.S. House of Representatives Steven Horsford, Darin LaHood and Jimmy Panetta have unveiled the Hospitality and Commerce Job Recovery Act of 2021, which would provide relief and recovery measures for the travel and hospitality, entertainment, convention and trade show industries and their workers.
According to Sen. Cortez Masto’s office, it would stimulate the economy by creating new recovery incentives for hospitality and trade shows, extend the employee retention tax credit to reduce layoffs and keep Americans employed, create a perishable food and beverage credit to help small businesses cover costs of inventory lost during COVID closures, and provide a tax credit for middle class families to jumpstart travel when safe.
“Many industries involving tourism and travel were the first to be hurt by COVID-19 and could be the last to fully recover,” said Sen. Cramer in a press statement. “Our bill provides help to some of the hardest hit businesses, encourages employee retention, and incentivizes families to travel when it is safe to do so.”