HOUSE PASSING CARES ACT GETS A THUMBS UP

Leaders of music industry orgs are praising the House for passing the $2 trillion stimulus package which now awaits President Trump’s signature.

“The Recording Academy thanks the Congressional leaders who worked with the music community to craft a bill that allows the music to play on,” Recording Academy Chair and Interim President/CEO Harvey Mason Jr. said of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. “In navigating this unprecedented crisis, all music industry professionals across the U.S., many of whom rely on multiple gigs for their livelihood, can be grateful that they are included in this extraordinary effort to help Americans. We will now turn our attention to helping music makers and others who make a living in our industry navigate the process of getting the financial assistance they need while anticipating the day when they can return to providing the soundtrack to our nation, which we'll all need when this crisis is over.”

SoundExchange President/CEO Michael Huppe said “this national crisis has been especially devastating for music creators. I’m proud of our industry’s joint efforts to ensure that the financial assistance made available under the CARES Act reaches everyone in the music community. Because we spoke as one, our voices were heard louder than ever.

“Thanks to our Congressional leadership, all music creators will benefit from a range of programs that include expanded eligibility for unemployment insurance, immediate cash assistance, and billions of dollars in paycheck protection. We hope for speedy implementation of this law, so that our community receives the much-needed help.”