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Kustoff Votes to Replenish Paycheck Protection Program

April 23, 2020
Press Release
Giving relief to our West Tennessee small businesses

 

WASHINGTON, DC – Today, Rep. David Kustoff (TN-08) released the following statement following the House passage of the Paycheck Protection Program and Healthcare Enhancement Act. This legislation provides additional funding for the Paycheck Protection Program which ran out on April 16, increased COVID-19 testing, and added support for hospitals. 

 

“The Paycheck Protection Program has helped West Tennessee small businesses get back on their feet and keep their employees on payroll. The restoration of funding to this program will support workers and small businesses all across America. It is disappointing Democrats allowed this vital funding to lapse in the first place,” said Rep. Kustoff. “While the delay hurt American families, I’m grateful this next round of relief is on the way to those who need it most. Additionally, today’s funding agreement makes sure that we take care of those working on the front lines through increased hospital aid and expanded testing.”

 

Background:

Small Business:

  • $310 billion in additional funding for the small business Paycheck Protection Program.
  • $60 billion will be set aside for Economic Injury Disaster Loans and Grants. 

Fighting COVID-19

  • $75 billion for hospitals and healthcare provider reimbursements. 
  • $25 billion for expanded COVID-19 testing.
  • Requires plan from states, localities, territories and tribes on how resources will be used for testing an easing of COVID-19 mitigation policies.

 

 

 

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