Bonamici Statement on Passage of Funding for Small Businesses, Health Care Systems
WASHINGTON, DC [04/23/20] – Congresswoman Suzanne Bonamici (D-OR) issued the following statement after the House passed the Paycheck Protection Program and Health Care Enhancement Act to help small businesses and health care systems during the COVID-19 pandemic:
“In the wake of the unprecedented COVID-19 pandemic, Congress acted swiftly to pass the CARES Act to provide funding for our communities, including hospitals and healthcare facilities, schools, states and localities, and small businesses, but the funding was not at all sufficient to meet the need,” said Congresswoman Suzanne Bonamici. “I have been hearing from small business owners across Northwest Oregon who were unable to access the federal funding, leaving them to watch in frustration as the money was quickly exhausted. Today – as the pandemic continues to ravage communities and our economy remains largely shut down – we address their urgent concerns.
“This bill will help small businesses and family farms stay afloat, and it sets aside resources for truly small businesses and those owned by women and minorities, who have historically been left behind. Importantly, it also provides critical funding for our hospitals and healthcare facilities, which are operating without the resources they need and are unable to cover expenses because they can’t perform elective procedures. I’m thankful that the package also includes funding for testing capabilities, which we must vastly expand before we can safely reopen.
“The funding included in this bill is essential to help our country, but we must do much more and our work is not done. I am continuing to fight for robust child care support, increased funding and capabilities for the Low Income Home Energy Assistance Program, funding for workers, and regulatory relief for our credit unions to make it easier for them to lend to small businesses. I am also fighting to make sure that our state and local governments receive more funding, students and teachers have the resources they need, people receive additional direct payments and have access to important programs like SNAP, post offices are given support to keep operating, and that our immigrant community is included in future relief efforts. As we move forward, I will continue to work with my colleagues to pass additional legislation to help our communities and small businesses around the country.”
The Paycheck Protection Program and Health Care Enhancement Act includes:
- $310 billion in additional funding for the Paycheck Protection Program, with $60 billion dedicated for lending by community-based and small- and mid-sized lenders, including credit unions, community banks, and other institutions who are prepared to lend to small businesses that have traditionally been overlooked, such as minority-owned businesses, businesses owned by women and veterans, and small businesses in rural communities.
- $60 billion to bolster the Economic Injury Disaster Loan and Grant programs and expand the program so that farmers and many agricultural enterprises are eligible.
- $75 billion in much-needed funding for hospitals and healthcare facilities.
- $25 billion to expand testing, including funding for states and localities, the Centers for Disease Control, the National Institutes of Health, the Biomedical Advanced Research and Development Authority, and the Food and Drug Administration.