Federal Funding for Independent Venues Through SOS Act
After months of lobbying and bipartisan support, the Save Our Stages Act will offer millions of dollars in support funding. Federal funding to help independent venues hit hardest by the COVID-19 pandemic has been included in a $900 billion bipartisan aid package following days of negotiations between leaders of both the Democratic and Republican parties in Congress.
While the specifics of the bill have not yet been announced, the aid package does include "$15 billion in dedicated funding for live venues, independent movie theaters, and cultural institutions," according to an email from House Speaker Nancy Pelosi (D-CA), as well as a $300 per week unemployment insurance enhancement for the millions of Americans out of work during the pandemic, including nearly 100,000 live music professionals.
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