Rep. Calvert Supports Additional Funding for Small Businesses, Hospitals, and Testing
WASHINGTON, D.C. -- Today, Congressman Ken Calvert (CA-42) voted along with a bipartisan majority of the House of Representatives to support the Paycheck Protection Program and Health Care Enhancement Act, H.R. 266 and released the following statement:
“Today, I was proud to support the long awaited, bipartisan Paycheck Protection Program and Health Care Enhancement Act. This legislation will provide much needed relief to America’s small businesses and hospitals.
The Paycheck Protection Program (PPP) has become a lifeline for America’s small businesses to remain operational during the COVID-19 pandemic. From the initial funds allocated by the Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law by President Trump on March 27, 2020, over 1.6 million businesses have been approved for forgivable loans.
Despite attempts to replenish the PPP weeks ago, the account ran out of funds on April 16 and my Democratic colleagues decided this was an opportunity to use this essential program as leverage to achieve some of the far-left aspects of their agenda. Thankfully we beat back those efforts and settled on a sensible bill.
This legislation will provide additional emergency loans for America’s small businesses and give them the resources to keep their hardworking employees on the payroll. Additionally, this legislation will expand COVID-19 testing capabilities and provide critical relief to hospitals and the men and women on the front lines of this fight.
As we have all said time again, we are in this together. And while this virus did not originate here, I have no doubt that our talented scientists and medical professionals will ensure that it ends here. In the meantime, we continue to be deeply grateful to all the health care professionals, grocery store workers, delivery men and women, sanitation workers, and all those essential personnel who are soldiering on during this difficult time.”
Specifically, H.R. 266 will provide $310 billion in additional funds for the Paycheck Protection Program, $60 billion for the SBA’s economic injury disaster loans and grants, $75 billion for hospitals and health care providers, and $25 billion for expanded research and testing.