WASHINGTON, D.C. — Republican Whip Steve Scalise (R-La.) released the following statement upon news that funding for the Paycheck Protection Program (PPP) will run out within hours:
“The Paycheck Protection Program is one of the most effective ways to keep small businesses afloat and American workers employed during this pandemic. With more than 1.4 million loans granted to small businesses, totaling nearly $350 billion in loans, we repeatedly warned that PPP would run out of money this week. Senate leaders acted last week to renew funding for this critical assistance, but unfortunately Democrats in the Senate blocked it.
“Speaker Pelosi and Minority Leader Schumer need to stop holding small businesses and workers across America hostage to their endless spending demands and work with us to keep this program alive so that our small businesses can stay alive, along with the millions of jobs they provide to hard-working families.
“The solution is simple: a clean, standalone funding bill for the PPP. No games, no gimmicks. Democrats must rise to the moment and join Republicans to deliver the critical emergency relief that our small business owners and workers need and deserve.”