Lucas Supports PPP and Hospital Relief Package
Mike Seals - April 23, 2020 10:02 pm
Washington, D.C. – Today, Congressman Frank Lucas (OK-03) released the following statement after the U.S. House of Representatives passed H.R. 266- the Paycheck Protection Program & Health Care Enhancement Act, providing additional funding to support the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL), and Oklahoma hospitals.
“More than a week after Oklahoma’s small businesses and workers saw the Paycheck Protection Program run dry, Congress has passed the Paycheck Protection Program & Health Care Enhancement Act- providing dire relief for Main Street businesses, their workers, and America’s hospitals,” said Congressman Lucas.
Lucas continued,“There’s no doubt about it, our small businesses are the lifeline of our local economies. In the nearly two weeks the Paycheck Protection Program was open more than 35,000 small businesses in Oklahoma received more than $4.6 billion. Because of these funds, many of our community’s family-owned businesses will be able to keep their workforce employed.
Thanks to the legislation passed today, more of Oklahoma’s small businesses will be able to stay afloat and keep their employees on payroll, providing families across Oklahoma the certainty they need in order to get through these uncertain times. The relief package also guarantees the eligibility of agricultural businesses for relief programs provided by the Small Business Administration.
As the coronavirus launched an unprecedented attack on America’s economy and health care system, Oklahomans across our great state have stepped up to fight on the front lines. Our state’s medical professionals, agriculture producers, truck drivers, grocers, and bankers have all worked to ensure that no one faces this virus alone. I thank all of these workers, especially our health care workers, as they all have become everyday heroes in our time of need. The health care funding provided in the Paycheck Protection Program & Health Care Enhancement Act will further support our efforts to combat the virus and ease the burden of our most distressed hospitals.
As I have told Oklahomans across the District, we will weather this storm together. We are all in this together.”
The Paycheck Protection Program & Health Care Enhancement Act increases funding authorized by the CARES Act, providing $484 billion to small business relief programs administered by the U.S. Small Business Administration and to support for hospitals to expand testing and provide aid in response efforts.
Lucas has led or joined several letters to clarify guidance on the Paycheck Protection Program and other financial assistance programs, including urging that publicly hospitals are covered and ensuring agriculture producers are eligible for such programs.