Congress Passes Phase 3 of Coronavirus Response Earlier this week, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is beneficial for many franchise systems and hospitality brands and includes generous and unprecedented provisions to help provide liquidity for small businesses in an effort to keep their employees on the payroll. The House of Representatives passed the CARES Act on Friday and the President…