It has come to our attention that some people are saying the GYMS Act failed to make it through the Senate this week. This is not accurate.
Efforts to pass industry relief are still moving full steam ahead.
The GYMS Act and the Infrastructure Bill
On Tuesday, the Senate passed a bi-bipartisan infrastructure bill. Some expressed concerns that there was no relief for the industry in the infrastructure bill. Allow me to ease those concerns.
The GYMS Act not being in the infrastructure bill was not a loss. There was never an opportunity to get any relief in the infrastructure package. That is why our focus is on the reconciliation process.
The GYMS Act, the Reconciliation Package, and the Budget Blueprint
In the early hours on Wednesday, the Senate passed a budget blueprint. This blueprint provides instructions on the amount of money Committees will be allocated to form a spending budget as part of the larger budget and reconciliation process.
The budget blueprint is a necessary step in developing the reconciliation package, but it is not the reconciliation package.
We worked with Senator Duckworth—our Democratic Senate sponsor—to craft an amendment to the budget resolution with language that could be added to the instruction the Small Business Committee receives saying money should be allocated to support gyms. However, Senate Democrats were discouraged from filing amendments, so in the end, the blueprint didn't include that language.
That was not a surprise. It does not change anything.
Don’t get me wrong, if Senator Duckworth had been allowed to file an amendment that said gyms need relief, that would have given us a leg up. However, we were—and still are—committed to pursuing every possibility and advantage, but the entire process Wednesday wrapped up quickly with very few amendments.
The budget blueprint allows the Senate Small Business Committee $25B and the House $17.5B for their respective budgets.
Now, this does mean any industry relief in this reconciliation package would have to fit within those caps and would be substantially less than the $30B we asked for in the GYMS Act. That said, it is important to remember that we asked for a number in the GYMS Act as high as we did to withstand being cut by Congress. We based that number on our best estimate of industry loss at that time.
Don’t let this week discourage you! Those who have been successful in getting dedicated relief walked down the same path.
For example, Restaurants asked for $120B but only received about 20% of that funding ($28.6B) when the relief was ultimately included in a package.