Maloney Praises Senate Passage of Interim Emergency Coronavirus Package
NEW YORK, NY — Congresswoman Carolyn B. Maloney (D-NY) released the following statement following Senate passage of the latest interim emergency coronavirus legislation.
“The emergency funding package passed yesterday by the Senate is a far cry from the insufficient Republican proposal that did not help our hospitals and health workers and left behind many of our most vulnerable small businesses. I am proud of the work done by Congressional Democrats to make this bill a bipartisan deal that follows the path set by the bipartisan CARES Act.
“Importantly, in addition to securing additional funding for the Paycheck Protection Program (PPP), this bill prioritizes America’s smallest businesses, including minority, women, veteran, and rural businesses by setting aside billions to be allocated through lenders in underserved communities, including CDFIs, which are experts in reaching unbanked small business owners. We were also able to expand support for small businesses by providing an additional $50 billion for emergency disaster lending.
“We were able to secure an additional $75 billion for hospitals and physicians — those on the frontline of combatting COVID-19. This will help us provide some of the monetary support needed to fund operations and buy medical supplies and personal protective equipment (PPE). This is in addition to the $25 billion for testing secured, which is absolutely vital if we are to reopen the economy.
“With all of this, we must remain vigilant in our oversight of how all loans and grants from the federal government are being distributed. I remain committed to rigorous oversight and investigation if financial entities favor certain businesses over others in processing applications. We must continue to hold the Administration accountable for its promises on testing.
“This package, like those before it, is not perfect and more work remains. But this interim bipartisan deal is an important step forward in supporting our small businesses and health care workers.”