On the recordApril 23, 2020
Today I rise in support of this bill to provide additional resources for small, local, and minority- owned businesses and nonprofits under the Paycheck Protection Program, as well as to provide resources for our hospitals and for testing. Madam Speaker, the Paycheck Protection Program has not been without its controversy. I have heard too many stories of frustrated business owners who have not been able to access the program due to a lack of existing relationships with a lender or difficulty navigating the complex application process. And these are issues that are disproportionately harming local, rural, and minority-owned businesses that make up the heart of my district. Madam Speaker, I am glad that we are taking steps today to address the inequities and indirectly and directly allow funding for lenders that service the truly local barber shops, beauty shops, restaurants on Main Street across this country. These are the businesses that are the lifeline of so many of our local economies, and it is important that we make sure that this lending gets to these vitally important businesses. I hope that this bill will offer some relief to these businesses, and I urge my colleagues to support this bill. I also ask our leaders and the lenders to know that we are watching them. We want the truly small, local businesses to get their fair share.
Source
govinfo.gov




