WASHINGTON — Congressman Chris Jacobs, R-Clarence, is calling on Democratic leaders in the House of Representatives to consider additional relief for small businesses negatively affected by the coronavirus pandemic.
During a floor speech last week, Jacobs voiced his support for the Paycheck Protection Program Extension Act.
“This week it was reported that almost 30 percent of small businesses in New York have closed for good due to the COVID-19 epidemic, and many more will face the same fate without further aid,” said Jacobs. “$138 billion appropriated to the PPP is just sitting here in Washington, D.C., instead of helping our nation’s small businesses.”
According to a press release from Jacobs released last week, the bill would extend the application deadline for the Paycheck Protection Program, allowing for $138 billion in already appropriated funds to be made available to small businesses.
“This legislation is targeted, addresses a dire need across the nation, and requires no additional federal funds,” Jacobs said in his floor speech. “I urge the Speaker and her leadership to reconsider this tactic and allow this legislation to come to the floor for a vote. I’m confident it will receive bipartisan support.”
The bill was first introduced by Rep. Steve Chabot, R-Ohio.
Jacobs is a co-sponsor in the House.