"Chairman Rubio Statement on Additional Funding for the Paycheck Protection Program Vote"
Summary
A press statement dated April 9, 2020 from Miami, FL by U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship. The release says it followed a vote in which Senate Democrats blocked an additional $250 billion for the Paycheck Protection Program, which the Trump Administration had requested. It states that Congress had appropriated $349 billion for the program through the CARES Act and that the program needs more funding to meet small business demand. Rubio is quoted citing a rate of $3.5 billion an hour and saying there were days, not weeks, until PPP runs out of money. He asks his Democratic colleagues to reconsider their decision.
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Full text
Title: Chairman Rubio Statement on Additional Funding for the Paycheck Protection Program Vote Date: 2020-04-09 Chairman Rubio Statement on Additional Funding for the Paycheck Protection Program Vote April 9, 2020 Miami, FL — U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, released the following statement after Senate Democrats blocked an additional $250 billion for the Paycheck Protection Program. Congress recently appropriated $349 billion for the Paycheck Protection Program through the CARES Act. However, the program needs more funding to meet the demands of small and medium sized businesses due to the pandemic. The Trump Administration requested the additional $250 billion to meet these unprecedented times. “While funds for other programs in the CARES Act have not even been disbursed, the demand for the Paycheck Protection Program remains incredibly high,” Chairman Rubio said. “We are seeing a rate of $3.5 billion an hour on a nearly $350 billion program. We have days, not weeks, until PPP runs out of money. Today’s unemployment numbers remind us that now is not the time for congressional horse trading or partisan politics. Small businesses are being forced to lay off employees and close their doors. I really hope my Democratic colleagues will reconsider their decision to block more money for PPP.” Permalink: https://www.sbc.senate.gov/public/index.cfm/2020/4/chairman-rubio-statement-on-additional-funding-for-the-paycheck-protection-program-vote
File and source
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- 2020-04-09_chairman-rubio-statement-on-additional-funding-for-the-paycheck.txt
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- ab281fef91838041e0c8742d1c0020692ec18b895b9eedcdd656c262f3a70201
- Original
- www.sbc.senate.gov