On the recordOctober 19, 2020
I don't know of any topic that is more supported around here than the helping of small businesses. I think the biggest evidence of that is that I would venture to guess almost every Member of this body has at some point gone back home and bragged about what we were able to achieve together in a bipartisan way. And to remind everybody, this program has never existed before. It was put together in a bipartisan way with the ranking member, the Senator from Maryland you just heard from. We worked on it--I think it was 6 or 7 days. And it wasn't a perfect program. Like anything new, this big, that fast, it had some hiccups, and we worked in a bipartisan way with the administration to implement it. I will say this without any reservation: It was by far the single most effective piece of that CARES package, and there isn't a day that goes by when I am back in Florida or, frankly, anywhere in the country that I don't hear about it. I don't know anyone who hasn't. One of the most common themes when we go places is a small business owner who says PPP was a lifesaver, and then they ask: Is there more on the way, because we are still struggling? That it is a lifesaver is without question. I mean, I look at Florida. Over 430,000 of these PPP loans--which, really, in most cases are going to end up being grants--were made. That is $32 billion of relief into our economy. The ranking member's home State--87,000.…
Source
govinfo.gov




