Mr. President, I rise today to urge swift passage of the PPP Extension Act, which will extend the March 31 deadline for the Paycheck Protection Program 2 months, to May 31, and give the SBA an additional month, through June 30, to process any backlogged applications. This Saturday, March 27, will be the 1-year date since the CARES Act was enacted. In that time, SBA has approved 8.2 million PPP loans worth more than $715 billion. These loans have saved small businesses throughout our Nation. They would not be here today but for this program. It also saved the stress on our unemployment insurance system by keeping small business employees on the payroll. And as I am sure the Presiding Officer knows, for a small business, it is difficult to find a workforce and to keep a workforce, and the Paycheck Protection Program allowed small businesses to maintain their workforce so that when the pandemic is over, they are going to be ready for our growing economy. The world feels a little different today than it did a year ago. The American people are finally beginning to see a light at the end of the tunnel. More than 124 million vaccine doses have been administered, and public health officials nationwide are beginning to ease restrictions on public gatherings. We can see a light at the end of the tunnel, but we are not there yet. Small businesses are struggling, but in spite of those struggles, small businesses are still showing up for our communities.…
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