WASHINGTON– Today, House Committee on Small Business Ranking Member Steve Chabot (R-OH) issued the following statement on House passage of S. 4116, a bill that extends the Paycheck Protection Program (PPP) application period to August 8, 2020.
“Passage of this bill is welcome news, especially as many small businesses continue to face an uphill climb on the road to economic recovery.
This legislation will give more small businesses the chance to access the Paycheck Protection Program – a program that has already helped millions across the country. It also ensures the Small Business Administration’s 7(a) program will continue to operate once PPP funds are exhausted.
While our work is not done, I am glad Congress has yet again come together in a bipartisan, bicameral manner to support America’s small businesses.”