Statement from President and CEO Michael Huppe on Passage of CARES Act

WASHINGTON, D.C. – March 27, 2020 – SoundExchange President and CEO Michael Huppe issued the following statement today following House passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

“In these difficult times, so many people turn to music for help getting through. And yet, because of the widespread cancellation of festivals, concerts and public gatherings of all types, 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.”