Rubio Statement on Senate Passage of House PPP Bill
Summary
A statement dated June 4 (2020) from U.S. Senator Marco Rubio, Chairman of the Senate Committee on Small Business and Entrepreneurship, after the Senate passed the Paycheck Protection Program Flexibility Act (H.R. 7010). Rubio welcomes the added flexibility for small business owners to use their PPP loans and thanks the Administration for its commitment to address the bill's inadvertent technical errors. He says that if the Administration cannot address them Congress will need further legislation, and describes the PPP as a program that has protected 50 million employees. The release notes that the bill heads to the President.
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Full text
Rubio Statement on Senate Passage of House PPP Bill June 4 , 2020 Washington, D.C. — U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, released the following statement after the Senate passed the Paycheck Protection Program Flexibility Act (H.R. 7010): “I am glad Congress came together to provide much-needed flexibility for small business owners to use their PPP loans as our economy begins to re-open,” Chairman Rubio said . “I appreciate the Administration’s flexibility and commitment to address the bill’s inadvertent technical errors that could create unintended consequences for small businesses as they seek forgiveness.” “If the Administration cannot address these issues, Congress will need to fix them through additional legislation, which will be made even more difficult given House Democrats’ decision to recess for the entire month,” Chairman Rubio continued. “The PPP is a pro-worker, bipartisan program that has been hugely successful in protecting 50 million employees and helping small business owners endure this crisis. I will continue to work with the Administration, and my colleagues, to ensure the PPP continues to benefit millions of small businesses and workers.” The bill now heads to the President for signature. Permalink: https://www.sbc.senate.gov/public/index.cfm/2020/6/rubio-statement-on-senate-passage-of-house-ppp-bill
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- www.sbc.senate.gov