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Home » Fitness » Bill To Help The Fitness Industry Introduced In The U.S. House – Club Industry

U.S. Reps. Michael Quigley (D-IL) and Brian Fitzpatrick (R-PA) have filed the Health & Fitness Recovery Act of 2020, the two announced on Oct. 1.

Theact(H.R. 8485) establishes a $30 billion recovery fund to help gyms and fitness clubs devastated by the COVID-19 pandemic. The industry has lost $13.9 billion in revenue from March through Sept. 1, 2020, according to IHRSA.

If passed, the bill would allow the $30 billion to be given in the form of grants that are capped at an actual business loss up to 10 percent of the businesss previous years revenue or $10 millionwhichever is less.

The grants could be used to help recipients with payroll costs, payments of principal or interest on any mortgage obligation, rent payments (including rent under a lease agreement), utilities, maintenance (including construction or reconfiguration to accommodate social distancing requirements), supplies (including protective equipment and cleaning materials), debt obligations to suppliers that were incurred before the covered period, and any other expenses determined by the government to be essential to maintaining the eligible entity.

IHRSA is coordinating a campaign to get operators in the fitness industry to contact their members of Congress to co-sponsor the bill and include it in any future COVID-19 relief bill.

IHRSA, the International Health, Racquet & Sportsclub Association, and IHRSA Board Ex-officio Jim Worthington of the Newtown Athletic Club worked with Fitzpatrick to draft the bill. Gale Landers, CEO of Fitness Formula Clubs, then gained Quigleys endorsement of the bill to make it bipartisan.

Unlike many other businesses affected by the COVID-19 pandemic, health and fitness clubs could not pivot to new revenue streams and many in the industry failed to qualify for assistance in the first CARES Act, Fitzpatrick said. The men and women who work in the fitness industry need and deserve our help.

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Bill To Help The Fitness Industry Introduced In The U.S. House - Club Industry

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Home » Fitness » Bill To Help The Fitness Industry Introduced In The U.S. House – Club Industry