President Donald Trump, left, invites Senate Majority Leader Mitch McConnell, of Ky., right, onstage as he speaks at a rally at Alumni Coliseum in Richmond, Ky., Saturday, Oct. 13, 2018. (AP Photo/Andrew Harnik)
Looks like the Democrats have finally agreed to a deal to refund the Small Business Administration’s Paycheck Protection Program after two weeks of delay during which the program had to shut down for lack of money and millions more Americans were thrown out of work.
The deal includes $310 billion for the program, with $25 billion for testing and $75 billion for hospitals.
JUST IN: Deal to expand virus aid includes $250B+ for the PPP program, $60B more for small lenders, $60B in disaster relief loans, $75B+ for hospitals, and $25B for testing – sources (via @KaylaTausche) https://t.co/yFFst2rZCs pic.twitter.com/ghk8UnpdXm
— CNBC Now (@CNBCnow) April 21, 2020
✓ PASSED: The Paycheck Protection Program & Health Care Enhancement Act
+ $310 billion to refill the #PaycheckProtectionProgram
+ $100 billion for hospitals and testing
More help is on the way. pic.twitter.com/5fedCZY7en
— Senate Republicans (@SenateGOP) April 21, 2020
Here’s what’s in the deal: pic.twitter.com/7QhAmXjB7x
— Manu Raju (@mkraju) April 21, 2020
It passed by a unanimous voice vote in the Senate.
Senate Majority Leader Mitch McConnell said he was encouraged that they’d finally come to a deal, although he scolded the Democrats for delaying the effort and trying to get pork into the bill rather than voting on a clean bill for the program two weeks ago and trying to use the bill for “leverage” on the backs of suffering Americans.
McConnell on deal on next coronavirus bill: I am just sorry that it took my colleagues in Democratic leadership 12 days to accept the inevitable, and that they shut down emergency support for Main Street in a search for partisan ‘leverage’ that never materialized.
— Chad Pergram (@ChadPergram) April 21, 2020
I am encouraged that Democrats have finally agreed to reopen the Paycheck Protection Program and abandon a number of their unrelated demands. My full statement on Congress’s new bipartisan agreement to provide additional small-business support, more funding for testing, and more: pic.twitter.com/nDnhxbs9KB
— Leader McConnell (@senatemajldr) April 21, 2020
I’m proud of Congress’s new bipartisan agreement. I am just sorry that Democrats shut down emergency support for Main Street in a search for partisan “leverage” that never materialized.
It’s time to move forward together and get this done for the American people. pic.twitter.com/cUkQU0MT9P
— Leader McConnell (@senatemajldr) April 21, 2020
Let’s hope that they didn’t stick in any funny business after all this, because that’s what Democrats do with any such delay (recall the Kennedy Center and the rest of the pork they wanted in the original virus relief bill).
The next step is the House, which expects to vote on it on Thursday and President Donald Trump said he would sign it immediately as soon as they pass it, so hopefully the money can then immediately go to the program. According to Sen. Marco Rubio (R-FL), that means the program may be up again by late Thursday or early Friday.
HT: Townhall
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