"ICYMI: Rubio went all-in on small-business program that has become the centerpiece of an economic-revival push"
Summary
A press release dated June 10, 2020 reprinting portions of a Washington Post article of the same date on Sen. Marco Rubio, the Florida Republican who chairs the Senate Committee on Small Business and Entrepreneurship, and the Paycheck Protection Program. The article states that Rubio called Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza to testify at an oversight hearing on the program, and that he played a lead role in creating it as part of the Cares Act in March. It quotes Rubio that no one had ever applied for or made a PPP loan before the first one on April 3rd. Rubio is also quoted that people by the millions kept their jobs and paychecks because of the program.
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Title: ICYMI: Rubio went all-in on small-business program that has become the centerpiece of an economic-revival push Date: 2020-06-10 ICYMI: Rubio went all-in on small-business program that has become the centerpiece of an economic-revival push June 10, 2020 Rubio went all-in on small-business program that has become the centerpiece of an economic-revival push The Republican senator from Florida had spent years on the national stage but broke through with a pandemic program for millions of companies By Erica Werner June 10, 2020 The Washington Post Sen. Marco Rubio will cap perhaps his most consequential three months in Congress with a key oversight hearing on Wednesday. Rubio, the Florida Republican who chairs the Senate Committee on Small Business and Entrepreneurship, has called Treasury Secretary Steven Mnuchin and Small Business Administration Administrator Jovita Carranza to testify about the Paycheck Protection Program. Rubio played a lead role in creating the program as part of the Cares Act in March, and has seen it through two chaotic months. ... Now, in the wake of Friday’s surprisingly positive jobs report, the PPP is being widely hailed as one of the most successful pieces of the congressional response to the economic crisis brought on by the coronavirus. And Rubio has rocketed into newfound status as one of the Senate’s standout legislators, having steered the previously inconspicuous panel that oversees small businesses into the center of the historic recovery effort. ... “I didn’t want there to be a pandemic, obviously. I mean, I’d prefer to never have had to do this, because that means we didn’t have this pandemic,” Rubio said in an interview. “But I do think there is a sense of it that feels rewarding. ... If the purpose of being a public servant is to make a difference I’ve certainly been given that opportunity.” ... “I mean, this thing just didn’t exist,” Rubio said. “On April 3rd, when the first PPP loan was made, no one on the planet had ever applied for one, processed one, approved one, or made one. So that when you add it all up I don’t think there’s any question that it’s by far the most successful part of the [Cares Act].” “We focused a lot on the technical glitches,” Rubio added. “But there is no doubt in my mind that there are people by the millions who kept their jobs and paychecks and there are businesses by the hundreds of thousands that would not today be viable had it not been for the program.” Read the rest here. Permalink: https://www.sbc.senate.gov/public/index.cfm/2020/6/icymi-rubio-went-all-in-on-small-business-program-that-has-become-the-centerpiece-of-an-economic-revival-push
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