| Earlier this afternoon, the administration and Congress reached a deal to increase the funding of the Paycheck Protection Program (PPP) and SBA’s Economic Injury Disaster Loan (EIDL) programs under the CARES Act to provide emergency financial relief for small business owners navigating the COVID-19 pandemic. Just moments ago, the U.S. Senate voted to pass the legislation.In response to the deal, U.S. Chamber executive vice president and chief policy officer Neil Bradley issued the following statement: “We applaud congressional leaders and the administration for reaching a deal to increase desperately needed funding to support America’s small businesses during this difficult time. These additional funds could make the difference between keeping a business up and running over the coming weeks or being forced to reduce salaries, lay off employees, or shutter businesses entirely. Congress should enact this legislation immediately to help small businesses that need the funding right now.” Click Here to Read the Full Statement The U.S. Chamber has been a strong advocate for the small business community and the swift enactment of this legislation, and recently launched the Save Small Business Initiative—a nationwide program to provide supplemental funding, resources and webinars, research, and advocacy for American small businesses.This legislation is expected to be voted on by the U.S. House of Representatives this Thursday, April 23, 2020. Click here to encourage House Members to vote to restore funding now. You can also share this tool with your members and ask them to join us in urging Congress to take swift action. Click Here to Urge Congress to Save Small Business U.S. Chamber Top Line Summary of New CARES Act Funding To better understand the new CARES Act funding and how it impacts you and your members, we encourage you to review the U.S. Chamber’s top line summary of the final bill.Click Here to View the Summary Reminder: Updated U.S. Chamber 501(c) Sign-On Letter to Congress Since today’s deal did not expand the eligibility for the Paycheck Protection Program, the U.S. Chamber will continue to advocate that all nonprofit organizations be eligible as Members of Congress consider the next COVID-19 emergency assistance legislation. We will be sending an updated sign-on letter to Capitol Hill later this week.Please click here to read and sign the updated letter—and encourage your nonprofit members, other than 501(c)(3) organizations to do the same to help us get as many signatures as possible from the nonprofit community—before the deadline this Thursday, April 23, 2020 at 4:00 p.m. ET.Please note that only one signature from each organization is required. Click Here to View the Letter Thank you for your continued support as we work towards securing this vital funding for the small business community—the backbone of the American economy. |
Chamber seal w/name stacked 3/C jpg
