After weeks of partisan fighting over economic relief for small businesses, via the Paycheck Protection Program, Congress sent the funding to President Trump’s desk. The president, who championed the program since being rolled out by the Small Business Administration, signed off on the additional funding on Friday:
.@POTUS just signed our latest relief bill. It expands funding for saving small businesses and protecting Americans’ paychecks. It strengthens support for hospitals, healthcare providers, and testing. Proud to have led the historic CARES Act and this expansion of key provisions.— Leader McConnell (@senatemajldr) April 24, 2020
? SIGNED— Senate Republicans (@SenateGOP) April 24, 2020
President @realdonaldtrump just signed Phase 3.5 of coronavirus relief legislation into law!
Here's what it includes:
+ $310B to refill the small business Paycheck Protection Program
+ $75B for hospitals
+ $25B for testing
More help is on the way. pic.twitter.com/s2BkQdZ9EM
To the workers and small businesses who need relief through the Paycheck Protection Program, President @realDonaldTrump is fighting for you.— The White House (@WhiteHouse) April 24, 2020
Today, his signature will right the wrongs of politicians who once again put their needs before your own.
?? President Trump just signed the Paycheck Protection Program and Health Care Enhancement Act to empower American families, workers, hospitals and small business owners.— House Republicans (@HouseGOP) April 24, 2020
+ emergency relief for small businesses
+ more resources for hospitals
+ investments for expanded testing
Speaker Pelosi: "They want to make it like we held this up, even though they agreed to what we offered 2 weeks ago. They held this up." pic.twitter.com/hD6LXnSBUG— The Hill (@thehill) April 24, 2020
Democrats held up the funding in both chambers, hoping that their partisan wish list would be included in the final bill, which only hurt Americans who are suffering economic distress. Those American workers will now receive economic relief through this additional funding for the Paycheck Protection Program’s loan fund.
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