Walorski Votes to Replenish Paycheck Protection Program to Help Small Businesses Save Jobs

Thursday, April 23, 2020

Walorski Votes to Replenish Paycheck Protection Program to Help Small Businesses Save Jobs

House Passes Funding for Small Businesses, Hospitals, Expanded COVID-19 Testing

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after voting to replenish the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) for small businesses, provide critical resources to hospitals, and expand COVID-19 testing:

“After weeks of unnecessary delay, critical funding to fight coronavirus and save Main Street jobs is now on its way to the president’s desk. It’s shameful that Speaker Pelosi blocked additional Paycheck Protection Program funding for two weeks, wasting precious time our small businesses don’t have and putting countless American jobs in jeopardy.

“Thankfully we’ve overcome this partisan gridlock, and these resources will soon be going where they’re needed most – to help small businesses make payroll and keep the lights on, to support hospitals on the front lines of this fight, and to expand testing so we can be ready to safely restart our economy soon.

“These are challenging times, but by working together we are going to defeat this invisible enemy, and we’ll be even stronger when this crisis is over.”

BACKGROUND

Ahead of today’s vote, Congresswoman Walorski spoke on the House floor in support of H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. Video of her remarks can be found here.

The House passed H.R. 266 by a vote of 388 to 5. The legislation now heads to the president’s desk. The Paycheck Protection Program and Health Care Enhancement Act includes:

  • $310 billion to replenish the Paycheck Protection Program
    • $30 billion in guaranteed loans for lenders with less than $10 billion in assets
    • $30 billion in guaranteed loans for lenders with $10 billion to $50 billion in assets
  • $60 billion for Economic Injury Disaster Loans
    • $50 billion for Economic Injury Disaster Loans
    • $10 billion for Economic Injury Disaster Loan advance grants
    • Clarifies that farmers with fewer than 500 employees can receive EIDL grants and loans
  • $25 billion to research, develop, validate, manufacture, purchase, administer, and expand capacity for COVID-19 tests
    • $11 billion for states and local governments to expand testing capacity and contact tracing and support employer testing
    • $1 billion to the Centers for Disease Control and Prevention (CDC) for laboratory capacity expansion, contact tracing, and public health data surveillance
    • $1.8 billion to the National Institutes of Health (NIH) to develop, validate, improve, and implement testing and associated technologies
    • $1 billion for the Biomedical Advanced Research and Development Authority (BARDA) for advanced research, development, manufacturing, production, and purchase of diagnostic, serologic, or other COVID-19 tests or related supplies
    • $22 million for the Food and Drug Administration (FDA) to support activities associated with diagnostic, serological, antigen, and other tests
    • $825 million for Community Health Centers and rural health clinics
    • Up to $1 billion may be used to cover costs of testing for the uninsured
  • $75 billion for hospitals and health care providers fighting COVID-19

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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