Rubio Statement on Impending Lapse in Paycheck Protection Program Funding
Summary
On April 15, 2020 Senator Marco Rubio, Chairman of the Senate Committee on Small Business and Entrepreneurship, called it 'inexcusable' that the U.S. Small Business Administration's $349 billion Paycheck Protection Program, which gives forgivable loans to small businesses impacted by COVID-19, would 'grind to a halt tonight' as its funding lapsed. Rubio said the PPP had helped over 1 million small businesses receive forgivable loans in less than two weeks, blamed Democrats for refusing to fund it and urged a clean funding bill.
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“Rubio Statement on Impending Lapse in Paycheck Protection Program Funding.”
Original at www.sbc.senate.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/committee-ed805da7b2fcde3f/
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Title: Rubio Statement on Impending Lapse in Paycheck Protection Program Funding Date: 2020-04-15 Rubio Statement on Impending Lapse in Paycheck Protection Program Funding April 15, 2020 Miami, FL — U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, released the following statement before the impending lapse in funding for the U.S. Small Business Administration’s $349 billion Paycheck Protection Program, which gives forgivable loans to small businesses impacted by COVID-19. “It is inexcusable that the Paycheck Protection Program will grind to a halt tonight,” Chairman Rubio said. “In less than two weeks, the PPP helped over 1 million small businesses receive forgivable loans. Now, millions of small businesses are in limbo because Democrats refused to put aside partisan politics and fund this bipartisan program. I urge my colleagues to swiftly pass a clean funding bill for PPP tomorrow.” Permalink: https://www.sbc.senate.gov/public/index.cfm/2020/4/rubio-statement-on-impending-lapse-in-paycheck-protection-program-funding
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