Granger On Latest Coronavirus Funding Bill to Provide Relief to Small Businesses and Hospitals and Increased Funding for Testing

WASHINGTON – Congresswoman Kay Granger (TX-12), the lead Republican on the House Appropriations Committee and a member of the President’s task force on reopening the economy, issued the following statement praising the next coronavirus spending package.
 
“I am glad that an agreement has finally come together to provide nearly $500 billion dollars for small businesses, as well as hospitals and healthcare providers, and I am looking forward to returning to Washington to vote for it. There was no reason for Democrats to delay help for our nation’s 30 million small businesses for almost two weeks. Our American entrepreneurs and innovators should not have had to wait for this lifeline," said Granger.
 
Specifically, the bill provides:

• $310 billion for the Small Business Administration’s (SBA) successful Paycheck Protection Program (PPP), which will allow SBA to continue providing forgivable PPP loans to our nation’s small businesses to help cover the cost of payroll and operating expenses during this difficult time.
• $60 billion for the SBA’s economic injury disaster loans and grants, which is another key source of assistance for small businesses.
• $75 billion to support the heroes on the front lines of this crisis: our hospitals and healthcare providers.
• $25 billion to expand testing, which will provide information on where cases are occurring, and support continued efforts to reopen communities and reignite our record-breaking economy.