Yesterday, the Senate voted to pass H.R. 1799, the “PPP Extension Act” which will ensure that small businesses have appropriate access to the Paycheck Protection Program (PPP) as they continue to struggle due to the impact of the pandemic.
In response to the vote, U.S. Chamber executive vice president and chief policy officer Neil Bradley released the following statement:
“This bipartisan legislation comes at a time when small business owners are still grappling with the economic effects of the pandemic and extending the Paycheck Protection Program, even for just a short time to exhaust existing funding, will help some of the small businesses that need it most. Data from last week’s MetLife & U.S. Chamber of Commerce Small Business Indexshowed that 59% of small businesses still feel as though it will take more than six months for normalcy to return. The U.S. Chamber will continue to work tirelessly to ensure small businesses receive the assistance they need to avoid permanent closure and continue to provide a livelihood for millions of Americans.” Read More