'Hundreds of thousands of musicians’ families' should benefit from the government's stimulus package, according to the RIAA
Independent contractors are eligible for loans and grants under the $2 trillion economic stimulus package Congress passed Wednesday night.
The music trade groups and legislators' effort widened the bill's terminology to include the terms"independent contractors" and"sole proprietors" so the funding could apply to such self-employed music industry professionals. SONA noted the coronavirus pandemic is crippling every aspect of the economy and that songwriters also need continued support to make it through the current crisis.
In order to be eligible, the Small Business Administration will work out the guidelines as the rules in how that work is loosely defined in the bill, according to Herbison. But the framework is anyone making under $100,000 and showing loss of income can apply the funds.
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