San Francisco – Speaker Nancy Pelosi released this statement on news reports the Small Business Administration’s Paycheck Protection Program (PPP) will exhaust its current funding levels today:
“Democrats know that in order for the Paycheck Protection Program to succeed, it must work for everyone. That is why we have been asking for the Administration to work with us to help:
- the underbanked small businesses and others who are struggling to access the PPP;
- desperate state and local governments;
- hospitals on the front lines of the epidemic.
“As has been clear since last week, Republicans’ bill which fails to address these critical issues cannot get unanimous consent in the House.”