Senate and House Democrats introduced companion legislation which would create an opportunity for small businesses which already have received a Paycheck Protection Program (PPP) loan to be able to receive a second PPP loan.
Certain small-business owners may be able to apply for a second Paycheck Protection Program loan if a new bill introduced on June 18 becomes law.
Some small businesses may be able to get a second Paycheck Protection Program loan if legislation introduced Thursday in Congress becomes law. The Prioritized Paycheck Protection Program, or P4, Act would allow some small businesses that have already exhausted their PPP loans, or are on track to do so, to apply for a second one. The measure was introduced in the Senate by Sen. Ben Cardin, D-Md., ranking member of the Committee on Small Business & Entrepreneurship, as well as Chris Coons, D-Del., and Jeanne Shaheen, D-N.H., and in the House by Reps. Angie Craig, D-Minn., and Antonio Delgado, D-N.Y.
U.S. Rep. Angie Craig, D-Minn., wants businesses that already received a Payroll Protection Program loan to get another one if they're still reeling from the economic fallout. Currently, businesses can only receive one PPP loan. Craig introduced a bill Thursday that would allow small businesses to receive a second PPP loan. Even though more than $100 billion currently remains in the program, Craig said many small businesses across the country have already spent funding from the first round and are just starting to open or are open in a reduced capacity.
U.S. Rep. Angie Craig will hold her 18th town hall with constituents at 6 p.m. June 23 streamed live on facebook.com/RepAngieCraig.
U.S. Reps. Roger Marshall and Angie Craig have introduced the Pandemic Authority Suitable To Utilize Reserve Easements (PASTURE) Act, which would expand USDA's authority under the Conservation Reserve Program. This legislation would authorize USDA to open CRP acreage for emergency haying and grazing beyond weather-related need to include during pandemics. A companion bill was put forth in the Senate by Sens. John Thune and Tina Smith.
Minnesota Democrats, including U.S. Sen. Amy Klobuchar and U.S. Rep. Angie Craig, hailed the ruling as historic. “This decision is a major victory in our fight for equality,” said Craig, the first LGBT person elected to Congress from Minnesota.
“Our farmers have been hit particularly hard by the economic impacts of COVID-19,” said Craig. “I’m proud to partner with Rep. Marshall and Sens. Smith and Thune on a bipartisan solution to the affordable forage shortage Minnesota farmers may be facing this year. By adding pandemics to CRP emergency flexibility, we are modernizing conservation policy to address the complex emergencies facing our farmers and ranchers. I will always support bipartisan, common-sense solutions to help our family farmers and livestock producers in their times of need.”
U.S. Rep Angie Craig, a co-founder of the bipartisan Congressional Supply Chain Caucus, convened family farmers, medical manufacturers and a supply chain expert from the University of Minnesota for a discussion about the issues supply chains are currently facing due to COVID-19 impacts.
Marshall said the bipartisan bill, cosponsored by Minnesota Congresswoman Angie Craig, should be able to move quickly through the House. ... “By adding pandemics to CRP emergency flexibility, we are modernizing conservation policy to address the complex emergencies facing our farmers and ranchers,” Craig said.