Political Quotes

“to follow up on Senator Collins' outline of the second round of PPP, I think it is important, first, to remind everybody how we got to this place. The goal, when we did it the first time, was to not only allow small businesses to survive what was then uncertain as to how long it would take but also to keep their workers attached to employment. We know how devastating it is to a family and to an individual when they get disconnected from employment, and, by and large, we believe the program has been incredibly successful. But it has room for improvement, and we have learned from those things along the way with some of the different changes that were made in providing more flexibility and the like. This new program comes at a timely moment because we are now beginning to see that as the PPP funds are being exhausted, some companies are having to face, once again, the potential of having to lay off some of their workers. That is why it is time for a second round of PPP assistance. A lot of the provisions will be very familiar. You have heard them already--the 2\1/2\ percent payroll and so forth--but some are new because we really wanted this to be more targeted. That is why there is the 300-employee-or-less standard, and you have to have 50 percent or more of revenue reduction. We also understand that some communities have been harder hit, for a variety of different reasons, and especially the sort of microbusinesses--the smaller ones.…”