PPP Funding to Run Dry Due to Democrat Obstruction

Summary

In this April 16, 2020 press release from WASHINGTON, D.C., Republican Whip Steve Scalise (R-La.) issues a statement on news that Paycheck Protection Program funding would run out within hours. Scalise says the program had granted more than 1.4 million loans to small businesses, totaling nearly $350 billion, and that Democrats in the Senate blocked an effort by Senate leaders to renew funding. The statement calls on Speaker Pelosi and Minority Leader Schumer to stop holding small businesses and workers "hostage to their endless spending demands." It calls for "a clean, standalone funding bill for the PPP."

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PPP Funding to Run Dry Due to Democrat Obstruction

April 16, 2020

Press Release

WASHINGTON, D.C. — Republican Whip Steve Scalise (R-La.) released the following statement upon news that funding for the Paycheck Protection Program (PPP) will run out within hours: "The Paycheck Protection Program is one of the most effective ways to keep small businesses afloat and American workers employed during this pandemic. With more than 1.4 million loans granted to small businesses, totaling nearly $350 billion in loans, we repeatedly warned that PPP would run out of money this week. Senate leaders acted last week to renew funding for this critical assistance, but unfortunately Democrats in the Senate blocked it. "Speaker Pelosi and Minority Leader Schumer need to stop holding small businesses and workers across America hostage to their endless spending demands and work with us to keep this program alive so that our small businesses can stay alive, along with the millions of jobs they provide to hard-working families. "The solution is simple: a clean, standalone funding bill for the PPP. No games, no gimmicks. Democrats must rise to the moment and join Republicans to deliver the critical emergency relief that our small business owners and workers need and deserve."

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