Political Quotes

On the recordMarch 27, 2020
I thank the majority leader for yielding. Mr. Speaker, our Nation faces an unprecedented crisis. With one in three Americans being told to stay home to flatten the curve, the American economy has essentially been shut off. Restaurants, hotels, bars, retail stores, barbershops, dance and yoga studios, and gyms-- practically every segment of the small business sector is suffering immeasurably. Whether it is Brooklyn, New York, or Brooklyn, Wisconsin, small businesses are the heart of America's Main Streets. Unfortunately, many entrepreneurs are now facing impossible decisions about their future. {time} 0940 This bill is about assisting these Main Street small businesses and their workers, not Wall Street banks or big corporations. We have taken a Republican-written bill that was unfairly weighted toward big companies and reshaped it to prioritize small businesses, their workers, and their families. This emergency package channels relief to small enterprises now. It provides more than $377 billion in relief for struggling small firms to help them pay workers and keep their doors open. First, this bill allocates $350 billion for forgivable, low-cost loans for businesses to continue paying their employees. Let me be clear: These loans are fully forgivable if firms keep their workforce on the payroll during this crisis. Since the crisis began, I have been advocating for debt-free ways to get capital to small firms. This provision accomplishes that goal.…
Said by
Nydia M. Velazquez
New York
Source
govinfo.gov
Mar 27, 2020

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