On the recordMarch 25, 2021
I urge all of our colleagues to vote yes on this bill, which will provide a crucial 2-month extension for the Paycheck Protection Program. This program has been a lifeline to countless small businesses and has saved more than 50 million jobs in this country. I salute my colleagues Senator Cardin and Senator Shaheen for their work on this extension, which was overwhelmingly passed by the House. Let's talk about briefly what would happen if we do not act. If we do not act, there are approximately 190,000 loans still under review, which prevents any of these businesses from receiving a second PPP loan. These small businesses need this assistance now in order to pay their employees and stay afloat during this pandemic. We cannot wait. The House has gone home. We cannot allow an interruption of this vital program that has made such a difference to our small businesses and their employees. I urge all of my colleagues to support this 2-month extension, with an additional month for SBA to review the applications. Vote on H.R. 1799 The PRESIDING OFFICER. The bill having been read the third time, the question is, Shall the bill pass?
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