Rep. Burchett supports Paycheck Protection Program refill, financial relief for hospitals
WASHINGTON, D.C. (April 23, 2020) -- This afternoon, Congressman Tim Burchett (TN-02) voted for H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. This legislation funds programs, such as the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), that are helping small businesses in East Tennessee and around the country deal with the COVID-19 economic fallout. H.R. 266 also provides financial relief to hospitals that cannot operate regularly while dedicating resources to treatment of Coronavirus patients, and investments in COVID-19 testing that will allow parts of the economy to return to work.
Small businesses across the country are forced to remain closed, placing financial stress on the small business economy from owners to workers. Funding for the PPP and EIDL ran out last week, leaving many American small businesses with no financial support to pay employees who cannot come into work or cover operating expenses.
Rep. Burchett voted for the legislation, recognizing these programs keep folks employed and stop small businesses from closing; however, Rep. Burchett cautioned Congress to evaluate the effectiveness of Coronavirus-related stimulus packages before acting on another.
"It is a shame small businesses and workers had to wait a week while some of my colleagues across the aisle played politics with their livelihoods. I’m glad they gave up the pursuit of their political agenda to place America’s small business economy first," said Rep. Burchett. “Money from this bill allows small businesses to continue to apply for the financial support they need. Congress has spent over $3 trillion between four bills responding to the Coronavirus. The federal government needs to pump the breaks on spending and give these bills time to take effect instead of jumping into a fifth stimulus package."