House Adds Flexibility to Paycheck Protection Program
“For the past two months, I’ve heard from business owners in Central Texas who want to keep their employees on the payroll, continue serving their communities, and — mostly — stay afloat until they are allowed to be fully back open for business. The Paycheck Protection Program (PPP) has helped many of them do just that, but I have heard from far too many business owners that the program, as it stood, needed changes to make it work for them. I didn’t want to see another local institution go out of business because Congress is more focused on politics than helping Americans who need it. Fortunately, our bipartisan bill puts Americans first and will ensure our favorite small business are around on the other side. I am thankful to my colleagues for their overwhelming support today, and I look forward to its swift passage in the Senate.”
The Paycheck Protection Program has certainly been in need of a few fixes since its inception. It ran out of funds within two weeks of its creation and Planned Parenthood affiliates received $80 million of its funds. We can only hope that this new legislation further ensures taxpayer funds are being used wisely. Eagle Forum in D.C. will continue to monitor legislation related to COVID-19 and keep you apprised of any updates. For further information on Congressman Chip Roy and The Paycheck Protection Program Flexibility Act of 2020, please listen or watch our podcast episode entitled “Congressman Chip Roy: Inside D.C.