U.S. Representative Matt Cartwright (PA-08) issued a statement after voting in favor of the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), COVID-19 response legislation to provide supplemental funding for the Paycheck Protection Program and Economic Injury Disaster Loan program for small businesses, as well as additional funding for hospitals and novel coronavirus testing. It passed the House by a vote of 388-5 and now advances to the president for signature.
“We need to make sure small business relief actually gets into the hands of small businesses,” Cartwright said. “It’s clear that much more will need to be done quickly, but we have set aside $60 billion in this bill for smaller lenders to help our very small businesses that don’t have the advantage of close relationships at big banks.”
Cartwright did not address delays attributed to House Speaker Nancy Pelosi in the process in his calls that more must be done.
During the negotiations, Cartwright says he fought to provide small businesses that do not have accounts at banks with access to emergency funding opportunities in order to help them stay afloat and keep employees on payroll. As a result, this legislation includes $30 billion reserved for community-based lenders, small banks and credit unions as well as $30 billion for medium-sized banks and credit unions. It’s unclear how Cartwright, “fought” as the bill passed was a mirror image of the bill passed by the United States Senate on April 21, 2020.
Republican Jim Bognet, running for the seat Cartwright presently holds, said earlier this week, “Nancy Pelosi & her lap dog Matt Cartwright are holding up vital funding for small businesses & workers. Pennsylvanians are losing their jobs at historic rate. Pelosi/Cartwright are safe in their mansions. ”
This legislation also provides:
- $310 billion in additional funding for the Paycheck Protection Program;
- $75 billion for hospitals and health care workers, including Personal Protective Equipment (PPE); and
- $25 billion for testing, which is the key to reopening the economy.
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