U.S. Senators Catherine Cortez Masto (D-Nev.) and Kevin Cramer (R-N.D.) ... today unveiled the Hospitality and Commerce Job Recovery Act of 2021, legislation that would provide comprehensive relief and recovery measures for the convention, trade show, entertainment, travel and hospitality industries and their workers.
Support the Hospitality and Commerce Job Recovery Act to provide tax credits and other recovery incentives for hospitality, travel, tourism, convention, trade show, entertainment, and restaurant businesses and workers affected by COVID-19.
Occurrences
Evidence
Sponsor: Sen. Catherine Cortez Masto. Latest action: Read twice and referred to the Committee on Finance. Status: Introduced. Summary lists convention and trade show restart tax credit, employee retention credit extension, restaurant and dining restart credit, travel expenditure credit, and inventory credit.
Latest Action: Became Public Law No: 117-2. Summary: the bill addressed COVID-19 impacts on individuals and businesses; Title V created support for small businesses, restaurants, shuttered venue operators, and other affected entities; Sec. 9651 extended the employee retention credit.
Question: On Passage of the Bill (H.R. 1319, As Amended). Vote Result: Bill Passed. Cortez Masto (D-NV), Yea.
Sec. 5003 established the Restaurant Revitalization Fund, appropriated $28,600,000,000, and authorized grants to eligible restaurants and similar food or drink businesses for payroll, rent, utilities, supplies, operational expenses, paid sick leave, and other essential expenses.
Sec. 9651 created Internal Revenue Code section 3134, allowing eligible employers a credit equal to 70 percent of qualified wages, capped at $10,000 per employee per quarter, for wages paid after June 30, 2021 and before January 1, 2022.
House companion bill H.R.1346 had the same title, Hospitality and Commerce Job Recovery Act of 2021, in the 117th Congress.
Assessments
Catherine Cortez Masto sponsored the specific Hospitality and Commerce Job Recovery Act in the 117th Congress, but that bill was only introduced and referred to the Senate Finance Committee and did not become law. Some overlapping relief was enacted in the same term through the American Rescue Plan, including the Restaurant Revitalization Fund and an employee retention credit extension, and she voted for that law. Because the named Act and its full package of tax credits and incentives were not enacted, but she materially supported the proposal and helped pass related partial relief, the promise is best scored as partial rather than delivered.